Active GO2bank account required to receive eGift Cards. No fee to transfer money from a linked bank account to GO2bank. The banking-as-a-service space is hot, and getting even hotter with recent announcements from: Railsbank. Withdraw cash for free at thousands of ATMs nationwide** See app for free ATM locations. These factors include: monthly fees, the ease at which monthly fees can be waived, the breadth of ATM access, ATM and overdraft fees, and customer service. SeeDeposit Account Agreement (PDF)for details. Read less. Savings account rates are based on the $2,500 product tier of insured depository institutions for which data is available. Understanding the ACH outgoing transfer limit is important because you want to ensure your transactions go smoothly. It's easy to set up. Overdraft fees may cause your account to be overdrawn by an amount that is greater than your overdraft coverage. If you use an ATM outside of this network, youll pay a $3 fee. Faster access to funds is based on comparison of traditional banking policies versus electronic direct deposit. Then, you can transfer money from that bank account to your GO2bank account for free. Active GO2bank account required to receive eGift Cards. All rights reserved. Mobile number verification, email address verification and mobile app are required to access all features. ACH transfers can be conducted with both bricks-and-mortar and secure online bank accounts. Licensed by the Department of Financial Protection and Innovation under the California Financing Law License No. A few instances where it could take longer is during holidays or if the network suspects the transaction is potentially fraudulent. We keep our reviews completely factual so you can use them to make better decisions. App Store is a service mark of Apple Inc. Google, Android and Google Play are trademarks of Google Inc., registered in the U.S. and other countries. When on a mobile device, click on * to view disclosures. Skip a call & save time! How can we help? A $15 fee may apply to each eligible purchase transaction that brings your account negative. Revolut is a global fintech that offers FDIC-insured deposit accounts, 10 free international transfers a month and up to 2.5% APY on your savings when youre a Premium or Metal user. A $15 fee may apply to each eligible purchase transaction that brings your account negative. New Chase customers may qualify for a $100 signup bonus. Log in to link a bank account** SeeDeposit Account Agreement (PDF), Fast-track funding on your account from a linked debit card. If you submit a transfer at 5:03 pm on a Friday, it may not get moving until the following Monday, which could count as a late payment. Fraud alerts via text message** Message and data rates may apply. Step 4: Click or slide the "Transfer" button to confirm. no hidden fees** See our simple fees chart. Finder is a registered trademark of Hive Empire Pty Ltd, and is used under license by Fees on your primary deposit account may reduce earnings on your savings account. When it comes to conducting transactions with your bank account, one of the most popular types is using ACH transfers, but they do come with limits. Incoming Wire. Service may not be available in all markets. If you're sending a domestic wire transfer, you'll just need the wire routing number in this table. Available while supplies last. To transfer funds to your bank from your brokerage account: Go into your Cash tab. Transfer money from linked debit card: When you make transfers from a linked debit card, GO2bank will charge a 3% fee not less than $2.00. Partner terms and conditions apply. As such, the availability or timing of early direct deposit may vary from pay period to pay period. Build your credit with the GO2bank Secured Visa, Annual Percentage Rate is 22.99% and is accurate as of 12/1/2022. SeeDeposit Account Agreement (PDF)for terms and conditions. Referring GO2bank accountholder and referred individual GO2bank accounts must both be in good standing to be eligible for and receive a reward. Direct Deposit today! 3 These transactions may take up to 4 business days for processing. The IRS doesnt count ACH transfers as cash, so they are not reported. No more lines or extra check-cashing fees.4 Don't wait to. Transfers are currently available at no additional charge. NO PURCHASE NECESSARY. GO2bank does not. Fees and limits apply to debit card transfers. Available only to GO2bank accountholders with direct deposits totaling at least $100 in the past 30 days. Bank ACH transfers, debit card transfers, verification or trial deposits from financial institutions, tax refund deposits, mobile check cashing, and cash deposits are not qualifying deposit activities. Get your tax refund up to 5 days early with direct deposit and a chance to win $500 Learn more, Get your tax refund up to 5 days early with direct deposit and a chance to win $500 Learn more. . SeeDeposit Account Agreement (PDF)for terms and conditions. If you dont want to worry about monthly fee requirements, compare free checking accounts. Read the full methodology of how we rate checking accounts. Overdrafts are paid at our discretion. Using Zelle, your bank sends the money to your recipient instantly. See Deposit Account Agreement (PDF) for details. SeeDeposit Account Agreement (PDF)for details. Save easily and access your paycheck up to 2 days early with direct deposit. 2023 GO2bank. Move money. Why cant I link a debit card to my GO2bank account? Your credit limit, which starts at $100, is determined by your security deposit. Lili Pro account holders get cashback rewards, 1.5% APY for savings. See GO2bank Deposit Account Agreement (PDF) and GO2bank Secured Credit Cardholder Agreement and Security Agreement (PDF) for fees, terms and conditions. Free ATM network of 42,000+. Eligibility criteria applies. Overdraft fees may cause your account to be overdrawn by an amount that is greater than your overdraft coverage. Opt-in required. Open an account. Pay $0 monthly fees with a $0 minimum balance requirement. When on a mobile device, click on * to view disclosures. Pay $0 monthly fees, and no minimum balance is required. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. All rights reserved. Receiving ACH payments allows for direct bank transfers, but getting users to connect their accounts can be a cumbersome process. GO2bank, GoBank, Green Dot Bank and Bonneville Bank. Interest rates are variable and subject to change at any time. Transfers post in just 3 business days by 10pm PST. The differences involve limits, processing time, and possible fees. Transfer from another bank account to GO2bank. $5,000/transaction/day; $15,000/month. For additional information about Annual Percentage Rates, fees and other costs, see the GO2bank Secured Credit Cardholder Agreement and Security Agreement (PDF). See GO2bank Deposit Account Agreement (PDF) and GO2bank Secured Credit Cardholder Agreement and Security Agreement (PDF) for fees, terms and conditions. Please note, other banks may have more restrictive transfer limits. Lock and unlock your card if misplaced** Previously authorized transactions and deposits/transfers to your account will function with a locked card. Its worth checking at specific banks to understand their guidelines if you plan on using ACH transfers. Fees on your primary deposit account may reduce earnings on your savings account. 2017-2023 and TM, NerdWallet, Inc. All Rights Reserved. Monthly fee waived whenever you receive a payroll or government benefits direct deposit in the previous monthly statement period. We develop content that covers a variety of financial topics. Within minutes, your funds will be available in your account. If you open an account by getting a GO2bank debit card in a store, then there is a purchase fee and an initial deposit of $20 - $500 required. GO2bank was started in January 2021 and shouldn't be confused with GOBank, another Green Dot Bank brand. Enter the amount to send. See your Deposit Account Agreement for additional details and limits and fees. Online access, mobile number verification (via text message) and identity verification (including SSN) are required to open and use your account. eGift Card merchants subject to change. $1,000 per transaction. All of these registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. What's a BSB number? Use your card number and PIN when using the app or visiting the merchants website or us the barcode Go2Bank provides when you shop in-store. Green Dot has serviced more than 33 million consumers directly over the last 22 years, and many millions more through our banking partners. Apple, the Apple logo, and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. Activated, chip-enabled debit card required to use Ingo Money check cashing service. All rights reserved. To use GO2banks cash back, follow these steps. Waive overdraft fees by depositing money before the forgiveness deadline. The fine print on ACH transfers, including timing and fees. Yes, its easy to transfer money by linking another bank account to your GO2bank account. 4.50% Annual Percentage Yield (APY) as of January 2023. A $3.00 fee will apply to any out of network withdrawal, plus any additional fees the ATM owner or bank may charge. Balance must be brought to at least $0 within 24 hours of authorization of the first transaction that overdraws your account to avoid a fee Learn more (Overdraft Protection PDF). Neither GO2bank, Green Dot Corporation, Visa U.S.A. nor any of their respective affiliates are responsible for the products or services provided by Ingo Money, Q2 Software, Plaid, or any eGift Card merchants. Prize: $1,000 to be awarded as credit or a check. Other fees apply. (If you need a super-fast transfer, look into how ACH vs. wire transfers stack up.). Partner terms and conditions apply. Transfer from another bank account to GO2bank. APY may change before or after you open an account. GO2bank also operates under the following registered trade names: Green Dot Bank, GoBank and Bonneville Bank. Log in to your GO2bank account to see transfer limits, account limits, terms and conditions. Yes, you can transfer funds from your Direct Express card account to a personal U.S. bank account. Green Dot has serviced more than 33 million consumers directly over the last 22 years, and many millions more through our banking partners. Earn 4% APY on the first $2,000 in each savings pods. You are about to post a question on finder.com: document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); At Finder, we value and respect our editorial independence. See Deposit Account Agreement (PDF) for details. Optional, only if you want us to follow up with you. Is there a limit to how much I can transfer? Debits are typically processed on a next-day basis. Overdrafts are paid at our discretion. SoFi Checking and Savings is offered through SoFi Bank, N.A. All third-party names and logos are trademarks of their respective owners. FREE monthly credit score powered by Equifax. Open your account now! In general, though, ACH transfers will take a bit longer, and its worth taking into account the day of the week. The combined limit for inbound and outbound transfers is . GO2bank Secured Credit Cardholder Agreement and Security Agreement (PDF). App Store is a service mark of Apple Inc. Google, Android and Google Play are trademarks of Google Inc., registered in the U.S. and other countries. finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. Can I link more than one bank account to my GO2bank account? The name and Social Security number on file with the Internal Revenue Service must match your GO2bank account exactly or we will decline your deposit., Quickly and easily manage and move your money where you need it with GO2bank, No monthly fees with eligible direct deposit, otherwise $5 per month, Overdraft protection up to $200 with opt-in and eligible direct deposit. . Limited time offer and only valid in the U.S. App Store is a service mark of Apple Inc. Google, Android and Google Play are trademarks of Google Inc., registered in the U.S. and other countries. Available to residents in NC, SC, TN, AZ, CA, CO, FL, GA, KS, MD, MO, NM, OK, OR, TX, VA, WA, WV, and WI. Did you sign up for autopay on your utilities bill? 2023 GO2bank. Fees on your primary deposit account may reduce earnings on your savings account. New York, NY, 10016. 3 times/day; $1,000/day and $10,000/calendar month. Use envelopes to save for expenses and earn 1.75% APY**. Easily track income, expenses and savings for your business all in one place. Cards issued by GO2bank, Member FDIC, pursuant to a license from Visa U.S.A., Inc. Visa is a registered trademark of Visa International Service Association. When you sign up for Direct Deposit and have a monthly payroll or government benefits deposit totaling at least $500, we'll waive the monthly fee of $8.95 for your card account! All rights reserved. All of these registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. GO2bank also operates under the following registered trade names: Green Dot Bank, GoBank and Bonneville Bank. Access to Instant Deposit, without the added fee , if eligible**. High-yield savings account, 1% APY paid quarterly on savings up to $5,000** Interest paid quarterly on the average daily balance of savings during the quarter up to a $5,000 balance and if the account is in good standing. Otherwise $5 per month. Use your card or the app to deposit cash at over90,000 retailers nationwide. when you buy eGift Cards from over 100 popular merchants in the app. See. Follow these steps to apply online. Bank to Bank Transfers, available through Online Banking, provides the convenience to schedule money transfers between your M&T personal deposit account (checking, savings or money market) and a personal deposit account you have at another financial institution in the United States.