Walmart and Green Dot are planning a nationwide rollout by the end of October of its checking account product linked to a MasterCard debit card. The new GoBank full-featured checking account does not charge overdraft fees, minimum balance fees or monthly fees with qualifying direct deposits.
Green Dot Corporation has named Joshua Goines General Manager of GoBank, Green Dot’s award-winning, FDIC-insured checking account offering and in this position. Joshua will be responsible for GoBank’s overall strategy and operations. He joins Green Dot from PayPal, where he most recently served as Senior Director, Head of Retail Market Development and played an integral role in overseeing the strategy and execution to grow PayPal’s retail offline business. In this role, Mr. Goines and his team quickly scaled PayPal’s retail acceptance network. He also helped launch and manage a series of key industry partnerships, including Discover Financial Services. Prior to PayPal, Mr. Goines served as Chief Financial Officer of Tempo Payments, Inc., a leading company in the decoupled debit card niche that was named top financial services startup by Fast Company and was acquired by Vantiv. While at Tempo, Mr. Goines developed the strategy for the payment industry’s first SaaS solution that enabled customers to cost-effectively offer co-branded payment cards and which received a CODiE Award for Best Open Source Solution.
Green Dot Corporation today announced it has named Joshua Goines as General Manager of GoBank. GoBank is Green Dot’s award-winning, FDIC-insured checking account offering and in this position, Joshua will be responsible for GoBank’s overall strategy and operations.
Green Dot Corporation’s “GoBank” (GDOT) is open for general availability, no longer an invite-only service for beta members. A GoBank account is an FDIC-insured bank account that is specially built for the smartphone generation”designed from the ground up to be opened and used on a mobile device. Now anyone can sign up for GoBank on the app for iPhone or iPod Touch (available for download from the Apple App Store) or at GoBank.com (by clicking or tapping ‘JOIN’). GoBank has formed a national partnership with MetroPCS to distribute the GoBank mobile application across MetroPCS’s compatible Android device portfolio. GoBank will also be featured as the official financial sponsor on the upcoming 12th season of Lifetime’s “Project Runway,” premi “Project Runway,” premiering July 18. Throughout the season, contestants will utilize GoBank accounts showcasing the slide for balance feature, Fortune Teller, debit cards and person-to-person money transfers.
Green Dot launched “GoBank” bank account designed from scratch to be opened and used on a mobile device. This 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. Each GoBank account includes a checking account with a linked Visa debit card and a second integrated bank account called the “Money Vault” that’s designed to be an easy way for GoBank members to put money away for savings. Accounts are demand deposit accounts (DDA) with deposits insured by the FDIC and full “Regulation E” consumer protections. Available through the program is Debit Card Customization; a Fee-Free ATM Network; Remittance; Quick Account Set-Up; and the Money Vault integrated bank account, allowing members to easily put money away for savings.