Green Dot Bank is the 404th largest bank in the nation. It was established in 1978 and as of June of 2020, it had grown to 23 employees. Green Dot Bank has an A health rating.
We purchased some GREEN DOT pre-paid visa cards for Christmas gifts this year from our local grocery store and will NEVER make this mistake again.
1. After purchasing the cards, the method to activate them is very convoluted.
2. Once activated there is a MONTHLY MAINTENANCE CHARGE that immediately kicks in. Almost $8/month! The value of these cards was only $25 each.
3. When trying to contact the company's customer service numbers provided, you are directed to a sundry of marketing companies.
In summary, we will never purchase any cards with any association to Green Dot Bank, and would recommend that any potential customers consider other options.
|FDIC Certificate #||22653|
|Return on Assets - YTD||2.84%|
|Return on Equity - YTD||25.33%|
|Annual Interest Income||$11.6MM|
|Assets and Liabilities|
|Assets||Q2 2020vs Q2 2019||$2.50B$1.71B|
|Loans||Q2 2020vs Q2 2019||$19.6MM$21.4MM|
|Deposits||Q2 2020vs Q2 2019||$2.23B$1.43B|
|Equity Capital||Q2 2020vs Q2 2019||$248.3MM$214.4MM|
|Loan Loss Allowance||Q2 2020vs Q2 2019||$707.00K$1.1MM|
|Unbacked Noncurrent Loans||Q2 2020vs Q2 2019||$1.2MM$1.0MM|
|Real Estate Owned||Q2 2020vs Q2 2019||$0$0|
Always verify rates and promotions with the bank or credit union. We are not Green Dot Bank; we are a rate comparison website and cannot provide official rates or promotions.
|APY||MIN||MAX||ACCOUNT NAME||VIEW DETAILS|
|0.06%||-||$10k||High-Yield Savings Account|
Green Dot Bank is an Internet only bank and does not have branch locations. Its headquarters is located at 1675 N. 200 W. - Provo, UT 84601