Cash News
Summary: Launched by Green Dot Bank in 2020, GO2bank is a mobile bank that operates exclusively online and through the mobile app, with no physical branch locations. GO2bank offers a nationwide network of free ATMs, a high-yield savings account, a secured credit card, and more.
This serves as the main deposit account for everyday transactions and is accessible online or through the GO2bank mobile app. The account comes with a Visa debit card, which lets you spend money in your account and deposit cash at participating retailers.
Other benefits include the ability to receive paychecks early and up to $200 of overdraft protection with eligible direct deposits and opt-in. There is a $5 monthly fee, which can be waived with eligible direct deposits.
As a GO2bank account holder, you also get access to a high-yield savings account (referred to as a vault). You can have up to five vaults, which are separate from your GO2bank available balance and earn a competitive yield on combined balances up to $5,000. When you want to spend money in your savings vaults, simply move the funds to your main GO2bank account.
Read more: The 10 best high-yield savings accounts available today
There is no credit check required to open a secured card, and credit limits start as low as $100. There is also no annual fee. Your monthly secured card activity is reported to the three main credit bureaus and can help you build your credit over time.
GO2bank charges a few fees for some of its services. Here is a closer look at some of the bank’s common fees:
Before signing up with GO2bank, consider the following pros and cons:
Pros:
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Overdraft protection up to $200: GO2bank provides free overdraft protection up to $200, provided that you bring your account balance to $0 within 24 hours.
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Competitive yield on savings: GO2bank pays a high yield on its savings account: currently 4.50% APY on balances up to $5,000. This is much higher than the national average and helps you earn a high yield on modest savings.
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Free credit monitoring: You have access to free credit monitoring, allowing you to check your VantageScore from Equifax. You also have the option to enroll in Experian Credit Care Advantage, which allows you to build your credit score when you pay your bills from your GO2bank account.
Cons:
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Monthly fee if you don’t have direct deposit: The GO2bank account has no monthly fees with eligible direct deposits. However, if you don’t have eligible direct deposits, there is a $5 monthly fee.
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Overdraft protection requires direct deposit and opt-in: To qualify for overdraft protection, you must set up direct deposit and opt in for the service. GO2bank may charge a fee for this service, so you may prefer not to opt in.
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Fee for cash deposits may apply: Although GO2bank doesn’t charge a fee for cash deposits, retailers may charge up to $4.95 per transaction.
GO2bank has live chat, phone, and postal mail support options. The support number is (855) 459-1334. Live chat and phone support are available 24/7, though you must have an account to use live chat.
As a mobile bank, you should download the app to enjoy all the perks and features GO2bank offers. The app is available on Google Play and the Apple App Store with user ratings of 4.6 and 4.8 stars, respectively. The mobile app lets you check account balances, find nearby ATM locations, check your credit score, lock and unlock your cards, and more.
It’s important to note that while GO2bank’s app is highly rated on Google Play and the App Store, its reviews elsewhere are far less satisfactory. For instance, it currently has a 1.2 rating on TrustPilot, with many reviewers reporting issues with customer service. Several reviewers report difficulty in reclaiming their money after a fraudulent transaction.
Read more: The 10 best mobile banking apps for 2025
GO2bank representatives are available by live chat and phone support, with both options available 24 hours a day, seven days a week. The support phone number is (855) 459-1334.
The bank’s mailing address is: P.O. Box 1070, West Chester, OH 45071
GO2bank is a subsidiary of Green Dot Bank, which is FDIC-insured up to the federal maximum.
GO2bank’s routing number is 124303162.
Read more: What is an ABA routing number?
GO2bank is an FDIC-insured subsidiary of Green Dot Bank. Although the bank is relatively new, your money is insured, and its parent company is well-established and reputable.
If depositing money via bank transfer, funds are available by 10:00 p.m. PT three days after initiating the transfer. Transfer requests made after 8:00 p.m. PT are initiated on the next business day.
GO2bank affects your credit score if you have a secured credit card. It reports to the three major credit bureaus (Experian, Equifax, and TransUnion) monthly.