What Is Green Dot? Everything You Need To Know

If you are still asking what is Green Dot, it means that you are probably hearing about Green Dot for the first time. Whatever the case may be, this article will tell everything you need to know about Green Dot; how Green Dot works, and other vital information about Green Dot.

You know, this is 21st century, the world is going more digital. A lot of digital services are out there to make life easier and stress-free. 

Cash transactions and purchases are one of the most frequent activities of human. Every single day, we must make one transaction or the other. These activities would have always been stressful, but the emergence of several digital banking platforms today, have saved us from such stress. This is what Green Dot is also out there to do, to help us achieve the best of our digital banking. Having said this so far, let’s look at what Green Dot is all about.

What Is Green Dot?

 

Green Dot is a digital banking platform which is very similar to a traditional banking account. It is an American financial technology and bank holding company, which also serves as a payment platform.

Green Dot has its headquarters in Austin, and has been known to be the largest prepaid debit card company in the world.

Just like traditional banking institutions, Green Dot also issues debit Cards, which can be used the same way you use your regular ATM cards or other forms of debit card. 

Green Dot is known to be the issuer of the popular Prepaid MasterCard and Visa Cards in the United States. With these cards, you can make purchases online or offline, and other forms of transactions. So if you were asking what is a Green Dot, I know you must have gotten a clue about it.

Green Dot App

 

Now that you have gotten a little idea about what a Green Dot is all about, and you have stopped asking what is Green Dot; let’s now look at the Green Dot App.

Though Green Dot has their official website, they also have a mobile application which helps you to manage everything in your Green Dot account, at a go.

The Green Dot App is a mobile friendly app, with a good user experience. As being a user friendly app, the Green Dot App also has a very fine design. 

How To Identify A Green Dot App

 

The Green Dot app is available on both Playstore for Android devices, and on App store for iOS devices. The Green Dot App is very easy to identify once sported on any app store. It has its app name written as “Green Dot – Mobile Banking.” In terms of design, the app icon has a perfect circle shape which is green in colour and placed on a black square background.

Green Dot Unlimited Card

 

There are different forms of prepaid debit cards issued by Green Dot, and they include:  

• Visa Debit Card.
• The Cash Back Visa Debit Card.
• Pay As You Go Visa Debit Card.
• 5% Cash Back Visa Debit Card

1. Cash Back Visa Debit Card

 

This is one of the Green Dot cards. With this card, you will stand to earn 2% cashback on any purchase you make with this card. However, Green Dot charges about $9.95 monthly, for this card.

2. Visa Debit Card

 

This is another type of Green Dot Card, and it can be used anywhere that Visa is accepted. More interestingly, it can also be used with Apple, Google and Samsung Pay.

There is a very interesting feature on this card, called “Vault Feature.” The Vault Feature let’s you set aside money to meet a particular future goal. 

There is also a monthly charge fee on this card, but this fee is waived, if the fund in the account is above $500.

3. Pay as You Go Visa Debit Card

 

This is another type of Green Dot card, which can also be used anywhere that Visa is accepted. Unlike other Green Dot card, this kind of card does not charge a monthly fee. Rather it charges $1.50 each time you use the card.

However, transfer of funds and direct  deposits are free at participating retail stores.

4. 5% Cash Back Visa Debit Card

 

This is another Green Dot card which let’s you earn 5% cashback on everyday purchase you make with this card. With this Card, the cashback rewards that you can earn in a year is pegged at $100.

The monthly charge fee for this card is $9.95. Aside the monthly charge fee, the card also charges $1.95 or less, each time you use the card.

5. Green Dot Prepaid Visa Card

 

This is another Green Dot card, which can also be used anywhere that accepts Visa. With this card, you can use the Green Dot app on your smartphone to manage your Green Dot account.

This Green Dot card charges $7.95 monthly fee. However, this fee will be waived if the account has a balance of more than $1,000 the previous month.

How Does Green Dot Card Works?

 

The Green Dot cards work just the way out regular debit card work. You can use the Green Dot card anywhere that accepts Visa; for purchases, cash withdrawals, etc.

For you to use the Green Dot card, you must have created your Green Dot account. Once you have your Green Dot card, you would need to purchase the Green Dot card to start using it.

The Green Dot cards can be purchased either online or in participating retail stores. It costs $1.95 or less to purchase the Green Dot card in participating retail stores. But purchasing the Green Dot card online is totally free; it costs nothing to purchase the cards online.

What Bank Is Green Dot On Plaid?

 

On Plaid, Green Dot is known as Go2bank.

Go2bank is Green Dot’s flagship digital bank which was launched in 2021, with the mission to help customers Bank with ease. 

On March 2022, Green Dot announcements its partnership with Plaid, with the mission to help users of the Green Dot GO2bank, connect their bank account to the apps that pay the data aggregator for banking information. The joint integration helps to connect GO2bank customers with more than 6,000 apps and services powered by Plaid.

Green Dot Bank Name For Direct Deposit

 

Green Dot Bank names for direct deposits are: 

• Green Dot Bank.
• GoBank.
• Bonneville Bank. 

You can use any of the above names for your direct deposits. All of these are registered trade names of Green Dot; they are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. So, Deposits under any of these trade names are deposits with Green Dot Bank.

How To Sign Up For A Green Dot Account

 

Now that you have known what is a Green Dot, you may decide to open your own account. This is a quick guide on how to create Green Dot account. 

Requirements For Green Dot Register

• Card number.
• Expiration date.
• Date of birth.
• ZIP code.

Procedures To Register For A Green Dot Account

 

Below are the steps to follow and register for a green dot account, make sure you follow instructions properly;

• Visit the Green Dot Account Opening Portal.
• Put in the last 4 digits of your Social Security number.
• Choose a user name for your Green Dot account.
• Choose a password for your Green Dot account.
• Fill in other personal information like your security question and a valid email address.
• Review the information to ensure that they are correct.
• If you need to make any changes, simply select Edit to do so. 
• If everything is correct, the click on Confirm. That’s all, you have just created your Green Dot account. You can now proceed to buy your Green Dot card and activate the card.

That’s all, make sure all the required credentials you provided for the green dot account registration is accurate” to avoid issues in feature.

LEARN MORE

• How To Get Money Off Temporary Green Dot Card
• How To Add Money To Green Dot Card
• How Long Does It Take For Money To Show Up On Green Dot? Find Out
• How To Transfer Money From Green Dot Card To Bank Account
• Best Places To Load A Green Dot Card

Summary

 

To everyone out there asking “what is Green Dot? I hope you have gotten a satisfied answer? Cool, also refer to our related articles on green dot” for more guide.