Is This On-line Financial institution Price It?



Accessing your cash with out a conventional checking account will be troublesome. When you don’t qualify for an everyday checking account, you would possibly need to take into account a digital banking service like GO2bank.

This platform helps you to obtain direct deposits, earn debit card rewards and construct credit score. Nonetheless, you need to resolve if the options and charges it affords meet your banking wants.

Our GO2bank assessment can assist you establish if the service is best for you.

GO2bank Assessment

go2bank logo


GO2bank affords a number of methods so as to add funds, make funds and construct credit score. Nonetheless, you need to obtain direct deposits to waive the month-to-month service charge.


  • Earn curiosity on deposits 
  • Free ATM entry
  • Can construct a credit score rating


  • No separate financial savings account
  • Restricted money again rewards
  • Potential service charges

What’s GO2bank?

GO2bank is the flagship banking app for Inexperienced Dot, which is greatest recognized for its pay as you go debit playing cards. Nonetheless, in contrast to its mother or father firm, this service affords a checking account with a rewards debit card and secured bank card. 

This online-only neobank gives a number of providers and will cost fewer charges than brick-and-mortar banks.

Your online checking account with GO2bank can carry out these capabilities:

  • Obtain direct deposits
  • Deposit checks and money
  • Make ATM withdrawals
  • Rewards debit card
  • Earn curiosity on deposits

Not like some on-line banks, this service gives a number of instruments to assist enhance your credit score rating. 

GO2bank is greatest for the unbanked since you possibly can rapidly entry your cash regionally or on-line. 

Nonetheless, you’ll finally need to take into account upgrading to a different service that provides extra facilities and is much less prone to cost miscellaneous charges.

How Does GO2bank Work?

Go2bank home

You may be a part of GO2bank by downloading its Android or iOS cellular app. It’s free to affix, and you’ll obtain a bodily debit card within the mail. 

When you join, you may make one-time deposits from one other debit card or checking account to fund your account. It’s also possible to obtain direct deposits.

Higher but, this checking account can double as a checking and financial savings account because of its varied options.

No Credit score Test

It may be simpler to qualify for GO2bank than different establishments. 

You may open an account if you happen to meet these {qualifications}:

  • Be at the very least 18 years outdated
  • Present your mailing handle
  • Have a Social Safety quantity
  • Present your telephone quantity

This financial institution doesn’t use ChexSystems to verify your banking historical past while you apply for an account. Consequently, you possibly can effortlessly open an account if in case you have unfavorable credit ratings or no credit score historical past.

GO2bank solely helps particular person accounts. Different members of your family should apply for their very own account to obtain a debit card.

Funding Your Account

You gained’t have to make a minimal deposit or preserve an ongoing stability along with your GO2bank account.

Nonetheless, you possibly can take into account enrolling your employer or authorities profit checks by way of direct deposit to waive the $5 month-to-month service charge. One month-to-month direct deposit waives this charge.

Along with fee-free direct deposit, your different funding choices embrace:

  • Distant verify deposit
  • Money deposits at native shops
  • Debit card transfers
  • Checking account transfers 

Further charges apply while you need to have prompt entry to your cash. Deposits that take a number of days to clear are free.

When it’s essential to make money deposits, over 90,000 shops function deposit kiosks. 

A few of the standard retailers embrace:

  • 7-Eleven
  • CVS
  • Greenback Normal
  • Kroger
  • Walgreens
  • Walmart

Sadly, the financial institution doesn’t deal with wire transfers.

Making Funds

You should use your Visa debit card to make in-store and on-line purchases. As well as, surcharge-free ATMs are current nationwide when it’s essential to pay money, like for a Fb Market porch pickup. 

It’s additionally doable to make use of on-line invoice funds when you possibly can’t pay along with your debit card. The service provider can withdraw funds while you submit your banking particulars.

Moreover, you possibly can have GO2bank mail a verify to recipients totally free if it’s essential to make a cost.

How A lot Does GO2bank Value?

Whereas it’s doable to keep away from month-to-month service charges with GO2bank, chances are you’ll encounter different prices related to sustaining and utilizing your account.

Listed below are among the charges chances are you’ll encounter:

Charge Value
Month-to-month service charge $5 ($0 if you happen to obtain a month-to-month direct deposit)
Overdraft charge $15 ($0 with overdraft safety)
Money deposits As much as $4.95 (varies by service provider)
Precedence cellular verify deposit As much as 5% ($5 minimal charge) 
In-network ATM withdrawals $0
Out-of-network ATM withdrawals $3
Cash transfers from a linked checking account $0
Cash transfers from a linked debit card 3% ($2 minimal)
International transaction charge 3%

The platform periodically affords promo codes to waive charges on choose providers. 

Key Options

Listed below are among the greatest advantages of banking with GO2bank.

Obtain Direct Deposits Early

You would possibly be capable of obtain your employer-provided payroll direct deposits as much as two days early. The financial institution additionally states that authorities advantages can land in your account 4 days early.

Receiving at the very least one direct deposit every month is required to waive the $5 month-to-month service charge.

Overdraft Safety

go2bank coverage

You’re eligible for as much as $200 in overdraft safety with qualifying direct deposits. 

Your protection quantities can embrace the next:

  • $10: Obtain one direct deposit for any quantity every month
  • $100: At the least two deposits totaling $200 or extra in 35 days
  • $200: At the least two deposits totaling $400 or extra in 35 days

You’ll need to opt-in to activate this profit. After enrolling, GO2bank mechanically applies the suitable profit quantity as you obtain qualifying direct deposits.

This characteristic covers buy transactions and waives the $15 overdraft charge while you restore your stability inside 24 hours.

It’s doable to make as much as ten overdrafts per assertion interval.

Free ATM Withdrawals

You can also make free withdrawals at Allpoint ATMs nationwide. As well as, there are roughly 19,000 in-network ATMs that you could find utilizing the GO2bank cellular app. 

Earn Curiosity on Deposits

You’ll earn 1% APY on the primary $5,000 in your account with quarterly curiosity funds. This rate of interest is increased than most high-yield savings accounts.

Sadly, your extra money reserves gained’t earn curiosity. 

For extra peace of thoughts, your checking account is even eligible for as much as $250,000 in FDIC insurance coverage.

Earn Money Again

You’ll obtain as much as 7% again on eGift Card purchases to roughly 100 retailers by way of the banking app along with your GO2bank Visa debit card.

The app helps you to purchase reward playing cards for your self or different GO2bank customers. 

Your remaining debit card purchases gained’t earn buy rewards. Nonetheless, the cardboard is accepted by retailers accepting Visa. 

This cash hack is a simple means to save cash together with utilizing cash back sites to maximise your spending energy.

Cellular Test Deposit

It might appear loopy, however some banking apps don’t assist cellular verify deposits. GO2bank affords this service totally free while you wait ten days to your funds to change into obtainable.

You’ll pay a charge of as much as 5% (minimal of $5) to entry your cashed checks inside a couple of minutes. Different banking apps might not cost a charge to money a verify inside minutes.

Construct Credit score

Go2bank raise credit score

GO2bank affords a number of free credit score rating instruments, together with:

  • Experian Enhance
  • Credit score monitoring
  • A secured bank card

The secured bank card doesn’t require a credit score verify. Once you open an account, your minimal credit score restrict is $100 and requires a refundable safety deposit of the identical quantity. 

Integrating these providers into your banking habits can assist improve your credit score

Refer Pals

When you like GO2bank, you possibly can refer mates. In the event that they join, you’ll every obtain a $50 bonus. 

Yearly, you possibly can obtain as much as $1,500 in free money when your referrals full their first direct deposit. 

Buyer Critiques

The most effective methods to find out if a service is best for you is to take a look at suggestions from different customers. 

Right here’s a breakdown of how GO2bank ranks on assessment websites:

Web site Ranking Variety of Critiques
Apple App Retailer 4.7 out of 5 Over 14,900
Higher Enterprise Bureau B+ / 1.07 out of 5 724
Google Play 4.5 out of 5 Over 35,000
Trustpilot 1.4 out of 5 74

Listed below are some opinions from GO2bank customers:

“I don’t perceive all the problems individuals are having. It’s a legit checking account… I’ve no complaints and I’ve been utilizing it for six months.” – J.C.

“Horrible buyer assist, my account was frauded and the transaction was nonetheless pending however they “couldn’t do something” until it stopped pending.” – Chase

“In case you are not a direct deposit buyer then the charges can add up pretty rapidly. Contemplating the quantity of checks I deposit, I’m charged quite a bit in charges. Apart from that, it’s simple to make use of and straightforward to take care of a checking account.” – Sam S.

I like the truth that every part is defined to you in brief however comprehensible phrases and so they additionally offer you an opportunity to construct or restore your credit score by way of secure and environment friendly means.” –Tyrese G.

Alternate options to GO2bank

When you aren’t certain that GO2bank is best for you, these digital banking providers might provide completely different options or cost fewer charges.

Varo Financial institution

Varo Bank doesn’t cost month-to-month service charges. It additionally doesn’t cost charges for cellular verify deposits or overseas transactions. 

You even have entry to over 55,000 fee-free ATMs and will be eligible for overdraft safety.

Different advantages embrace a high-yield financial savings account, interest-free money advances and a rewards debit card.

Moreover, if you wish to construct your credit score historical past, you possibly can apply for a free Varo Imagine secured bank card.

Trustpilot rating: 4.2 out of 5

Learn our Varo Bank review to study extra.


Chime helps you to open a checking account and an interest-bearing financial savings account. Having separate accounts makes it simpler to price range for short-term bills and long-term objectives.

The service additionally affords over 60,000 fee-free ATMs, as much as $200 in overdraft safety and a secured bank card.

As a bonus, there aren’t any month-to-month service charges.

Trustpilot rating: 3.9 out of 5

Learn our Chime Bank review for extra.


Sable gives a free on-line checking account with a debit card that earns 1% money again at taking part retailers. 

A secured bank card can also be obtainable that earns 2% of choose retailers and 1% in your remaining purchases.  

This service will be simpler to qualify for if you happen to’re a foreigner residing in america. It is without doubt one of the few platforms that doesn’t require a Social Safety quantity for non-citizens.

Whereas there are various related options to GO2bank, this account doesn’t earn curiosity in your financial savings. Nonetheless, you’re additionally much less prone to pay financial institution charges, together with a month-to-month service charge.

Trustpilot rating: 3.3 out of 5

Learn our Sable Bank review to study extra.


These questions can assist you resolve if GO2bank is the suitable match to your banking wants.

How do you waive the GO2bank month-to-month charge?

You could obtain at the very least one payroll or authorities profit direct deposit per thirty days to waive the $5 month-to-month charge. 

How are you going to entry your GO2bank account?

The simplest solution to entry your account is through the use of the GO2bank cellular app in your Android or Apple machine. It’s additionally doable to log in out of your net browser.

Is GO2bank secure?

GO2bank affords FDIC Insurance coverage of as much as $250,000 with Inexperienced Dot Financial institution.
The service additionally helps you to flip off your debit card to stop fraudulent purchases. You may even dispute unauthorized transactions. 

What are the GO2bank customer support choices?

Each day telephone assist and dwell chat can be found from 5 a.m. to 9 p.m. Pacific. There’s additionally a web-based data library. 


GO2bank is value contemplating if you happen to can waive the month-to-month charge. The service permits you to simply make purchases and pay payments. Additionally, you will earn a aggressive rate of interest in your financial savings.

Nonetheless, this platform prices charges for quite a lot of non-compulsory providers like expedited verify deposits or transferring cash from a linked debit card. 

These charges would possibly trigger you to think about one other checking account for bad credit that provides related providers totally free.

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