GO2bank Visa® Debit Card

Our review of the GO2bank Visa® Debit Card

The GO2bank Visa® Debit Card is a high-yield checking account offered by fintech GO2bank, part of the Green Dot Bank family.

Earn Over 10X the National Average Savings Rate

With the GO2bank high-yield checking account, account holders can earn over ten times the national average savings rate. Currently offering 1% APY on savings of up to $5,000, this account provides a significantly higher yield than the national average for checking accounts.

Pay No Fees with Eligible Direct Deposits

Account holders can avoid monthly service fees by meeting direct deposit requirements. By receiving a payroll or government benefits direct deposit in their previous monthly statement period, account holders can enjoy fee-free banking. Additionally, direct deposits at select retailers are accepted, allowing for early access to paychecks with ASAP Direct Deposit.

Earn Up to 7% Cash Back

While not the primary focus, the GO2bank Visa® Debit Card offers up to 7% in instant cash back when purchasing electronic gift cards through the GO2bank mobile app.

Other Account Benefits

• Easy money transfers from linked accounts
• Deposit checks via mobile app
• Free nationwide ATM network
• Overdraft protection up to $200
• No minimum balance requirement
• EMV chip debit card for security

Go2Bank Debit Fee Schedule

Here are the various fees associated with the Go2Bank Debit Card:

• Purchase Fee: Up to $2.95
• Monthly Fee: $5 (waived with direct deposits)
• ATM (in network): $0
• ATM (out of network): $3
• And more

Debit Card APY Comparison

Compare the GO2bank Visa® Debit Card with other debit cards offering interest on deposited funds:

• GO2bank Visa® Debit Card: Up to 4.5% APY
• Aspiration Debit Card: Up to 3% APY
• M1 Spend Visa® Debit: Up to 1% APY

What We Love About Go2Bank

The GO2bank Visa Debit Card offers a high APY on savings, “Vaults” for managing money, solid rewards with eligible merchants, and the convenience of purchasing the card in stores.

Things to Consider

While the card offers great benefits, there are fees to consider, including a monthly maintenance fee, out-of-network ATM charges, and overdraft fees. Additionally, there is a cap on the high APY for savings.

Expert reviews for the Go2Bank Debit and Go2Bank/Green Dot Bank:

Should You Apply for the GO2bank High-Yield Savings Account and Visa® Debit Card?

The GO2bank account is an excellent option for those looking to build savings with its high APY, fee-waiving options, and convenient deposit methods. With FDIC insurance and a long history of serving customers, GO2bank is a safe choice for boosting your savings.