Complaints Regarding the Green Dot Numerous consumer complaints have been lodged against the Green Dot card. If you Google "complaints," you'll discover hundreds of websites filled with individuals venting about every business and product on the planet. Generally, I disregard these sites. However, one source that I do not disregard is the Better Business Bureau (BBB). While the BBB's ratings are not flawless, they are arguably the best available. While Green Dot has a 'A+' rating with the Better Business Bureau, it also receives a high volume of complaints.
Ranking of Feature Cards Card View Rank 2.37 Category Reloadable 4.95 Visa Card Fee Minimum Load 10 Maximum Load 10,000 10,000 maximum balance 4.95 Atm Reload Fee 2.50 monthly fee Personalize Yes, Credit Check How To Apply Online Issued By Green Dot Bank Website Link to Green Dot Bank's credit card website (opens in new tab) Additional Information If you load at least $1,000 or have at least 30 qualified purchases deposited to your account, the monthly charge is eliminated. In Canada, the Wise card is now available!
Green Dot launched GoBank, the first bank account meant to be established and used via a mobile device, in 2013 after acquiring Loopt's technology and employees.
[11] In 2016, GoBank became the primary payment processor for Uber, the ride-sharing firm. [12] This marks Green Dot's transition from a prepaid debit card firm to a platform company. Green Dot Corporation purchased Santa Barbara Tax Products Group[13] in 2014, making it America's biggest tax refund processor.
The Green Dot Bank Unlimited Cash Back Bank Account Visa debit card offers 2% cash back on mobile and online transactions in addition to a 2% annual percentage return on its high-yield savings account. These rates are a notch higher than those offered by competitor accounts. Regrettably, the supposedly expansive bonus categories are somewhat constrained by the issuer's definition of a qualified purchase. Due to these limits and the monthly cost, competing rewards debit cards are more attractive. However, as is the case with other rewards checking accounts, you should consider Green Dot's debit card as an extra bonus rather than a determining factor when choosing a bank. Cash back credit cards, on the other hand, are a more efficient use of your rewards spending.
