Green Dot Bank is the 536th largest bank in the nation. It was established in 1978 and as of December of 2019, it had grown to 21 employees. Green Dot Bank has a B+ 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||2.99%|
|Return on Equity - YTD||24.09%|
|Annual Interest Income||$38.8MM|
|Assets and Liabilities|
|Assets||Q4 2019vs Q4 2018||$1.60B$1.49B|
|Loans||Q4 2019vs Q4 2018||$36.0MM$32.0MM|
|Deposits||Q4 2019vs Q4 2018||$1.32B$1.27B|
|Equity Capital||Q4 2019vs Q4 2018||$217.7MM$183.2MM|
|Loan Loss Allowance||Q4 2019vs Q4 2018||$1.4MM$1.3MM|
|Unbacked Noncurrent Loans||Q4 2019vs Q4 2018||$2.6MM$1.7MM|
|Real Estate Owned||Q4 2019vs Q4 2018||$0$0|
Rates for Green Dot Bank are currently being reviewed.
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