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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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