Green Dot Moneypak Cards
In recent years, prepaid debit cards have become an increasingly common payment method among consumers. Green Dot cards are a particularly popular type of prepaid debit card. Prepaid debit cards offer a convenient alternative for those wishing to minimize their interactions with credit card companies and banking institutions.
The growing popularity of Green Dot debit cards, however, has led to an increase in Green Dot-related scams. Specifically, con artists trick victims into sending the PIN numbers located on the back of Green Dot MoneyPak cards. This is the equivalent of wiring money or sending cash it is untraceable, and you cant get your money back!
This Consumer Alert describes some common ways criminals trick victims and provides simple rules to follow to help you keep your hard-earned money in your own pocket where it belongs.
How Does Green Dot Account Work
Each of the Green Dot debit cards works just like the debit card you have associated with your checking or savings account. You need to pre-fund the card via a bank transfer, direct deposit of a paycheck or a cash deposit. Once the funds are loaded, you can use that balance to make purchases with the card.
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How Does Green Dot Work
Green Dot works like other banks. It offers customers savings accounts, checking accounts, and money cards. Green Dot Bank also offers free ATM transactions and nationwide enrollment for its reloadable prepaid debit product. Customers can use Green Dots mobile app to deposit checks, track their spending, and more.
What Is A Prepaid Debit Card
A prepaid debit card is a type of payment card that only lets you spend the money you load onto the card. They dont help you build credit. Like a debit card, a prepaid card works at any merchant that accepts its payment network, such as Visa, Mastercard or American Express. Its safer and more convenient than using cash. Usually the prepaid card has a mobile app to deposit checks and transfer money. Learn more on our guide to prepaid debit cards.
Unlike checking accounts, prepaid debit cards may lack some services such as free ATM or branch networks, checks, among others. If that doesnt work for you, see our list of best checking accounts. Or, if youve struggled with banks before, check out second chance checking options.
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Green Dot Prepaid Card & Cash Back Debit Card
The Cash Back Debit Card is available online and in many stores, including CVS Pharmacy, Kmart, 7-Eleven and Walgreens while the prepaid card is only available in stores. Cards bought online are personalized with the customers name and cards bought in store are only a temporary card which does not have the customer’s actual name on it instead it says “Valued Customer”. Temporary cards are not re-loadable However, if the customer opts in to receive a personalized card, which is free of cost, in 7 to 10 business days it will arrive in mail with his or her name on it. Personalized cards are re-loadable in a variety of ways. There is a monthly charge of $9.95, unless the customer makes more than 30 purchases in a month or loads the card with more than $1000 in that month.
Thanks To Blake Thomas I Got A Fair Settlement
When I had an issue with my debit card, Mr. Thomas handled it when I wasn’t sure what to do next. He explained what to expect and stayed in contact with me. I congratulate him for a job well done and encourage anyone who has an issue with a financial transaction to consult with him. From Avvo Reviews
Hands down!! This attorney is amazing. Very quick and efficient. No doubt, I got the highest settlement available!!!!!
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Unlimited Cash Back Bank Account
The Unlimited Cash Back Bank Account is a spending account with the potential to earn rewards. It’s not referred to in the deposit account agreement as a “checking account,” but that’s how it functions. You can even order a little pack of checks if you need to write a check.
- Receive direct deposit from your employer up to two days earlier than usual
- Earn cash back on certain online and in-app purchases
- No minimum balance requirement
- Monthly maintenance fee of $7.95
- Deposit to your account using direct deposit, electronic transfers, mobile check deposit, or at major retailers
- Visa debit card included
While the cash back feature sounds appealing, its only valuable to the extent that your rewards exceed the monthly fees . For example, you would need to spend $265 on qualified purchases each month to earn the $7.95 in rewards that would offset the monthly fee. Then you would need to spend more after that to earn rewards after that break even point.
To waive the monthly fee, you need to have spent at least $1,000 on qualifying purchases during the previous month. For your purchase to qualify, the merchant you buy from must classify it as an online or in-app purchase.
Airline tickets, gift card purchases, and bill payments do not count toward cash-back rewards.
You’ll receive your cash-back rewards as a credit to your account after the 12-month period is over.
Can You Send Money From Green Dot To Cash App
You can send money from Green Dot to Cash App using the Black unlimited Green Dot card, which permits quick deposits and debit card transfers between Cash App and Green Dot.
Green Dot Banks Unlimited Cash Back Bank Account comes with a high-yield savings account that pays 3% APR on saves up to $10,000.
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Green Dot Savings Account
Since Green Dot doesnt do a credit check when you apply for its platinum visa credit card, its an excellent option for rebuilding your credit.
As a secured credit card, this card requires a cash deposit as collateral so that you have funds to fall back on if you cant make a payment. You wont be able to upgrade the card to an unsecured card, which is worth bearing in mind.
There is a $39 annual fee for the credit card. This could be a deal-breaker, as many secured cards are completely free, like the Capital One Mastercard. There is also a minimum deposit of $200 to activate the card.
With this card, you can make payments via ACH from your bank account, use an online debit card or a check.
Alternatively, you can pay with cash at one of the companys partnered retail stores or use Green Dots MoneyPak card if youre willing to pay a fee.
Green Dot Prepaid Card Review
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The Green Dot card is an FDIC-insured, reoladable prepaid debit card that can be used to make payments and purchases and withdraw cash. Green Dot cards are sold at retailers such as CVS, Rite-Aid and Wal-Mart. This prepaid debit card, the Green Dot Prepaid MasterCard or Visa, has a lower monthly fee than some other Green Dot cards.
This Green Dot card has no free ATM access. If thats a deal breaker for you, check out our list of best prepaid debit cards for some other options.
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How Do I Avoid Green Dot Fees
Monthly fee $0 $7.95 Monthly fee is waived when you load $1,000 or more to your Card via direct deposit in the previous monthly period. A person-to-person transfer is not considered a load for the purpose of waiving the monthly fee. Your first monthly fee will be assessed when your Card is initially loaded with funds.
How Do I Set Up Direct Deposit For My Green Dot Card
How to set up direct deposit
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Is Green Dot Bank A Good Bank
We recommend the best products through an independent review process, and advertisers do not influence our picks. We may receive compensation if you visit partners we recommend. Read our advertiser disclosure for more info.
Green Dot Bank logo
Green Dot Bank is an online bank offering an unlimited cash back bank account and high-yield savings account. Green Dot Bank is held by Green Dot Corporation, which also owns Bonneville Bank and GoBank. Green Dot has been around since 1999, with its first prepaid debit card coming on the market in 2001. Publicly traded since 2010, Green Dot provides banking services for millions of customers.
- Pros and Cons
Earn 2% cash back on certain purchases
No overdraft fees
Monthly fee of $7.95 is steep if you don’t meet spending minimums
$3 out-of-network ATM fee
Cash-back rewards are restricted to certain transaction types
No joint accounts allowed
- Bank Product OfferingsUnlimited cash back bank account, high-yield savings account, secured credit card
- Customer ServiceOnline FAQ and automated chat service
- Year Founded1999
Is Green Dot A Legit Bank
Yes! Green Dot is a real bank with FDIC coverage. However, there are mixed reviews of this award-winning Bank, with some people claiming to have had a negative experience. Some report that they found it hard to get in touch with customer service and difficulty accessing funds when needed others didnt experience any issues, so the answer is debatable.
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I Had Issues With My Tax Return On The Emerald Card From H& r Block I Than Made The Best Decision Contacting Blake To Help
I struggled for months with my situation and the new emerald card. I would try to fix it my self but i often was ignored. Or the costumer service people wouldnt speak english, refuse to assist me, and at times put me on hold for hours only to be ignored. I than got in contact with Attorney Mr. Blake Thomas who was very efficient. Very streight forward and after receiving all my details was able to successfully get it worked out for me. From Avvo Reviews
Green Dot Appoints Dan Henry As Chief Executive Officer
PASADENA, Calif. today announced that Dan Henry has been appointed Chief Executive Officer and President, effective March 25, 2020 will also join the Board of Directors. He succeeds William I. Jacobs , who has served as interim Chief Executive Officer since January 2020 will remain Board Chair, a position hes held since 2016. J. Christopher Brewster who has served as interim president since January 2020 will transition to his role as board member and chair of the Audit Committee. This leadership transition is the result of a comprehensive search process.
This press release features multimedia. View the full release here:
Dan Henry , Chief Executive Officer and President.
Dan is a highly regarded leader and accomplished executive with operational expertise and over two decades of deep experience in the FinTech space. He is also an innovator who has spearheaded, built and operated two publicly-traded payments companies, said Mr. Jacobs . The Board and management team are confident Dan is the perfect candidate to lead Green Dot into its next chapter and we want to thank our consultants and other stakeholders, including Starboard Value LP , for their support and guidance during our search process. We could not be more excited to welcome Dan to the Green Dot family.
About Green Dot
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Tips For Avoiding Green Dot Moneypak Card Scams
The following tips can help you avoid falling victim to a MoneyPak scam:
Remember: Green Dot is not responsible for the quality or non-receipt of any goods or services you buy using your MoneyPak.
Avoid Monthly Fees And Save On International Transfers With Wise
If you want to do away with monthly fees and save money on international transfer fees, then check out Wise.
Green Dot charges $7.95 a month to maintain its cash back account, and 3% of the US dollar amount for each international transaction.¹²
Wise provides an account that allows you to make international transfers according to the real exchange rate, with no hidden fees.
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Excellent Lawyer I Wish I Could Hire Him For All My Legal Issues
Cfls and Mr Thomas have a great niche fighting for the working and lower class people who can’t afford major banks and pricey attorneys. Communication was made via email each step of the way. I provided documentation of my issue and all I had done to resolve it on my own and that’s the last time I had to think about it. As each step in the legal process was made an email was delivered with an update. On the few times I responded back with questions they were answered within 24-36 hrs and I was amazed given the case was over less than $100. Within days of signing a settlement agreement a check was in the mail! I wouldn’t hesitate to call on him at any time. I know he won’t always be able to take my case because he has rules he has to follow within government regulations and of course he has to make sure he’s earning money because lawyer’s don’t work for free, but I would consult with this firm before I went anywhere else. From Avvo Reviews
They Kept Me Updated On Everything
Very good work my 1st time going thru it and they help me all the way with everything and the time period they said it takes they where right they kept me updated on everything if I ever have to go thru it again I will be using them again..
Awesome!!! He handled my case smoothly and very professionally.
08 May 2018
I just want to thank Blake for taking my case and getting my money back plus little extra. I would definitely recommend Blake because he stays on top of the case and answers back promptly.
08 May 2018
Professional and fast. I would choose to have him handle my case if needed in the future. Truly great guy!! From Avvo Reviews
08 May 2018
Blake Thomas is awesome. I was having issues with my bank and he resolved them in an efficient and timely manner and got me my money back. Thank you Blake!!
07 May 2018
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How Much Money Can You Deposit On A Green Dot Card
The most you can deposit to your account in cash is $2,999 in the aggregate in any day. You also may not deposit cash to your account at any time your account balance exceeds $2,999. We may, in our sole discretion, let you deposit more money to your account if you deposit by direct deposit or other methods.
Green Dot Bank Review 2022
To help you determine if Green Dot Bank is right for you, weve put together this comprehensive Green Dot review guide that covers everything the company has to offer, from its cashback account to its platinum visa credit card.
Green Dot Bank is a financial institution that offers various services, including credit cards, unlimited cash bank accounts, and high-yield savings accounts.
The Bank is a subsidiary of the Green Dot Corporation, based in Pasadena, California. This financial technology firm has been offering a line of prepaid debit cards to consumers from 1999 when it was formed.
Since 2010, Green Dot has helped millions of people manage their money as a publicly listed company. If you are a frequent online purchaser, using Green Dot cash back and cash deposits at retail establishments might help you save money.
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How Do You Get A Green Dot Card
You can sign up for this product by visiting their website. Green Dot also has offices in most major metropolitan areas where you can apply for the card in person. Their cards are available to US citizens, permanent residents, and non-resident aliens. Green Dot Cards can also be used by anyone with a checking account in good standing at their home bank.
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