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January 16, 2013
07:20 EDTGDOTGreen Dot introduced mobile bank account called GoBank
Green Dot yesterday afternoon introduced GoBank, what it calls the first bank account to be opened and used on a mobile device. GoBank will launch in limited release, with general availability to come later this year. "GoBank makes it easy to send and deposit money, build a budget and find an ATM, with a massive network of more than 40,000 fee-free ATMs, more than twice the size of Chase or Bank of America," Green Dot added. If the member uses an out-of-network ATM, there is a $2.50 charge for withdrawals and a $1 balance inquiry fee. GoBank charges no monthly fee. However, members can voluntarily pay a monthly membership fee in any amount they think is fair, from nothing up to a maximum of $9 per month, the company explained.
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February 11, 2016
13:30 EDTGDOTGreen Dot jumps after report says exploring alternatives
The move higher in shares of Green Dot is being attributed to a dealReporter story about the company exploring strategic alternatives. According to sources, dealReporter said Green Dot is in the early stages of exploring alternatives after coming under activist pressure from Harvest Capital. Shares of the prepaid debit cards provider are up 4%, or 68c, to $18.46 in midday trading.
13:22 EDTGDOTGreen Dot strength attributed to report of exploring sale
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