As part an approach to widen its market for financial options, Green Dot Corp. Wednesday introduced GO2bank, a mobile-banking application intended to assist the 7.1 million unbanked families in the United States handle their finances.
 Eco-friendly Dot claims it is launching the program as a means to get rid of the pricey charges numerous unbanked customers are billed for economic solutions, such as check paying. In 2019, virtually 12% of unbanked consumers used fee-based monetary solutions for such services as check cashing, cash orders, and expense settlement, according to a 2019 study from the Federal Down Payment Insurance Coverage Corp
 . The brand-new application consists of overdraft security of approximately $200, as much as 7% cash money back compensates at more than 90,000 retail distribution places, consisting of CVS, Buck General, Walgreens and Walmart, a 1% yearly percent price yield on Go2bank interest-bearing accounts, and also access to a GO2bank bank card without any credit report check or annual charge, as well as a debit card.
 Additionally, Go2bank customers can access their account via a network of even more than 19,000 no-fee ATMs, as well as the ability to lock and unlock their account making use of the mobile app. https://www.clipsit.net/www-go2bank-com-start-activate-your-go2bank-card/ Go2bank users obtaining direct down payment can likewise access funds approximately two days early. Users obtaining federal government benefits can access funds as much as four days early.
 Green Dot, which serves even more than 33 million clients through its retail and also direct-to-consumer products, views GO2bank as component of long-lasting strategy to deliver services that draw in brand-new consumers and also retain their commitment, a business spokesperson says through e-mail.
 " Way too many Americans struggle to access their cash, are paying also a lot for monetary items, and also are adversely affected by the lack of remedies made to suit their needs," Dan Henry, president of Environment-friendly Dot stated in a prepaid statement. "GO2bank is constructed to be the best location for smooth, cost effective, valuable banking-- integrating the security, security, and also experience of an FDIC-insured bank with the technology and dexterity of a leading fintech."
 Environment-friendly Dot is supporting the launch of GO2bank with a national television advertising campaign including 2 commercials, along with a brand-new Internet site, electronic advertising, social networks, and also direct mail.