Approximately 6% of American adults or 14.1 million people, are considered unbanked, meaning they do not have a checking, savings, or money market account with a traditional bank according to the 2021 FDIC National Survey of Unbanked and Underbanked households.

That’s where Go2bank comes in. A digital banking initiative owned by Green Dot Bank. Go2bank aims to provide Americans who do not have access to a checking or savings account with an affordable alternative.

The online banking platform combines an FDIC-insured bank’s security, stability, and experience with the innovation and agility of a top fintech to become the go-to platform for simple, inexpensive, and useful banking.

Too many Americans struggle to access their money, are paying too much for financial products, and are negatively impacted by the lack of solutions designed to suit their needs.

Dan Henry
CEO of Green Dot

Go2bank – Not Your Regular Bank

With Go2bank you get banking services – check cashing, direct deposit, ATM withdrawals – all without the hassle and costs of a traditional bank. It is an affordable option for people who need access to a bank but are unable to open a bank account.

Go2bank makes themselves accessible with their no credit check policy. You do not even have to have a credit score to open an account.

Customers can benefit from a list of many perks that comes with their GO2bank account.

Benefits of Go2bank

  • No credit check
  • Earn up to 7% cashback on eGift Card purchases in the app
  • No monthly fees with eligible direct deposit
  • Up to $200 in overdraft protection
  • 4.5% APY on up to $5,000 in savings
  • Ability to open up to 5 savings vaults
  • 90,000 retail locations for cash deposits
  • 19,000 fee-free ATMs

Go2bank is perfect if you need to deposit cash, receive direct deposits, or want to earn interest on up to $5,000 in savings.

Open a Go2bank Account Today!

Go2Bank registration is simple and free. All you need is a copy of your legal government-issued ID, such as your driver’s license and proof of address to open an account. You can open your checking account online through the bank’s website or the app with no minimum balance required.

If you need your debit card immediately, you can open an account at a local retailer including 7-Eleven, CVS, Dollar Tree, or Walmart. The initial card fee is $2.95 and you will have to load money onto your card right away. Your initial deposit can be anything from $20 to $500.

The monthly fee is only $5, which is waived if you received a direct deposit into your Go2bank checking account the previous month.

Take Advantage of Overdraft Protection

GO2bank offers overdraft protection if you make qualified direct deposits into your checking account. The bank will reimburse any overdraft-related purchase transactions you make up to $200. To avoid fines, bring your balance back to $0 or more within 24 hours. After 24 hours, the fee is $15.

Refer and Earn $50

Want to earn rewards? Simply refer friends and family to Go2bank. You will each receive $50 when they open a new GO2bank account and make a direct deposit of $200 or more within 45 days of account opening. Refer friends to GO2bank’s digital banking services and earn money quickly from the comfort of your home. The $50 bonus can help you increase your savings, move you closer to your financial objectives, or use it to receive cashback on eligible e-card purchases.

Earn Above Average Interest

Take advantage of Go2bank’s high-yield savings account and watch your money grow. You can divide your savings into five vaults so that you can easily save for different goals. Plus, Go2bank lets you earn over ten times the average national savings rate across all savings vaults. Earn 4.50% APY for savings ups to $5,000. And pay no monthly fees if a qualified direct deposit is used; otherwise, the monthly charge is $5.

Get Paid Early with Go2bank

Customers who have their paychecks deposited directly into their Go2bank checking account can access their money up to two days early! Government benefits are available up to four days in advance. This is made possible by GO2bank’s affiliation with Plaid, which has direct connections to numerous payroll services. Best of all, when you receive direct deposits from the government or your employer, Go2bank will waive the $5 monthly maintenance fee!

I’m happy with GO2 Bank. Been using for almost a year. No problems so far. Direct deposit hits 5 days early for me. You can lock & unlock card quickly, as needed. I recommend it to my family & friends.

OldMan Sinclair
Trustpilot Review

Great bank for direct deposits ad paying bills online. Never had a fee from them, and it protects your big bank cards. Extremely pleased with GO2 as a prepaid debit card!

Clay Williamson
Trustpilot Review

Earn Cashback

GO2bank customers can earn up to 7% cashback when they purchase eGift Cards from over 100 popular retailers in the Go2bank mobile app. Amazon eGift Cards provide a 3% cashback reward.

Secured Go2bank Credit Card

Go2bank helps its customers build credit with its secured credit card. Simply deposit at least $100 to open a card and improve your credit. There is no annual fee! Plus card holders receive credit monitoring through VantageScore. Your deposit is secured so you will not lose the money. If for any reason you close the account and there is money on the card, it will be returned to you. Go2bank makes it easy for you to build your credit.

Go2bank visa

Easy Cash Deposits

With Go2bank you can deposit cash at 90,000 retail locations including Walmart and CVS for a fee up to $4.95. There are also over 19,000 fee-free ATMs making it easy for you to withdraw money anytime you need. Go2bank simplifies the cash to digital process.

A Few Fees

There are a few fees Go2bank customers should be aware of as they venture into the world of online banking. If you make a mobile deposit to cash a check, Go2bank charges 1% of the check amount for payroll and government checks and 5% for all other checks with a minimum fee of $5.

Transfers to Other Banks Not Allowed

Go2bank does not allow you to transfer money to another bank account. You can use your Go2bank account to deposit checks, pay bills, withdraw cash, etc. but not move money to another bank account.

Final Thoughts

GO2bank offers users simple and seamless methods to spend, earn rewards, and save money online.  

It’s easy to manage your money on the go with Go2Bank’s convenient and secure online and mobile banking! Take control of your money, earn rewards, build your savings, and improve your credit with Go2bank.

About the author

Rachel Alulis

Rachel Alulis has been the lead editor for Moneyfor’s credit cards team since 2015 and for the financial rewards team since 2023. Before joining Moneyfor, Rachel worked at USA Today and the Des Moines Register. She then established a successful freelance writing and editing business specializing in personal finance. Rachel holds a bachelor’s degree in journalism and an MBA.