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GO2bank account review

Earn up to 7% cash back and up to 4.5% APY on savings.’s rating: 3.7 / 5.0


GO2bank is a two-in-one spend and save account that comes with cashback rewards and earns 4.5% APY on up to $5,000 kept in your savings account. But you’ll need to set up direct deposits to avoid the $5 monthly fee and the overdraft protection, which protects you up to $200, isn’t all it’s cracked up to be.

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$5 per month


Up to 4.50%



Minimum deposit to open


APY4.50% on balances of to $5,000 4.50% Annual Percentage Yield (APY) paid quarterly on savings up to $5,000..
Fee$5 per month
To waive the feeNo monthly fees with eligible direct deposit, otherwise $5 per month
Minimum deposit to open$20
ATMsOver 55,000 in-network ATMs nationwide within the Allpoint ATM network
ATM transaction fee$0
Out-of-network ATM fee$3
Foreign transaction fee3%
Overdraft fee$15
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Review by

Cassidy Horton is a writer for Finder, specializing in banking and kids’ debit cards. She’s been featured on Legal Zoom, MSN, and Consolidated Credit and has a Bachelor of Science in Public Relations and a Master of Business Administration from Georgia Southern University. When not writing, you can find her exploring the Pacific Northwest and watching endless reruns of The Office.

Expert review

GO2bank by Green Dot is best for anyone living paycheck to paycheck who wants access to early paydays, a free high-yield savings account and cashback rewards. This account also makes you eligible for the GO2bank secured credit card as long as you set up direct deposits totaling at least $100 in the past month. It has no annual fee or required credit check. If you have negative credit or no credit at all, this card gives you the opportunity to build credit in a low-risk environment because you set the limit yourself.

The GO2bank card is light on fees, but there are a few you’ll want to watch out for. For instance, there’s a $5 monthly fee for individuals who don’t set up direct deposit. You’ll also pay a $15 fee if you opt in for its overdraft protection, overdraw on your account and don’t replace the funds within 24 hours.

How much does GO2bank cost?

GO2bank has a $5 fee, but you can avoid it if you set up eligible direct deposits. This table highlights GO2banks’ other fees and limits:

Fees & limitsAmount
Monthly fee
  • $5
  • $0 with monthly direct deposit
Cash depositUp to $4.95 by the retailer
Overdraft fee
  • $15
  • $0 if you opt in to overdraft protection up to $200
Out-of-network ATM withdrawal$3
Teller cash withdrawal$3
Foreign transaction fee3% per transaction
Expedited delivery for replacement debit card$24.95
Maximum account balance$50,000
Maximum daily cash deposits$3,000
Daily ATM withdrawal limit$500
Monthly ATM withdrawal limit$3,000
Daily purchase limit$10,000

How do I open a GO2bank account?

You can open a GO2bank account through the website or mobile app. Follow these steps to apply online.

  1. Select Apply now.
  2. Add your email address and select Open an account.
  3. Enter your email address and choose Get started.
  4. Enter your full name and select Continue.
  5. Enter your home address agree to the terms and conditions and select Continue.
  6. Add your mobile phone number and select Continue.
  7. Enter the verification code you receive and select Continue.
  8. Enter your date of birth and Social Security number and select Continue.
  9. Follow the prompts to verify your identity and open your account.


You can open a GO2bank account when you meet the following requirements.

  • At least 18 years old
  • US resident or citizen
  • Valid Social Security number
  • Government-issued photo ID
  • US residential address

Required information

GO2bank asks for the following information when you apply.

  • Full name
  • Mobile number
  • Date of birth
  • Home address
  • Valid Social Security number
  • Government-issued photo ID number

5 benefits of a GO2bank checking account

GO2bank is insured by the Federal Deposit Insurance Corporation (FDIC). It can be managed via the website or mobile app and comes with the following features.

  • Instant cashback rewards. Earn 3% cash back when you buy Amazon e-gift cards in the GO2bank mobile app, plus up to 7% cash back on e-gift cards from nearly 100 other merchants.
  • Included high-yield savings account. You’ll earn 4.5% APY on balances up to $5,000 kept in your savings vault, paid quarterly.
  • Early direct deposits. Receive paychecks up to two days early and government benefits up to four days early.
  • Accepts cash deposits. One major drawback of online accounts is that you can’t deposit cash into them, but GO2bank accepts cash deposits at over 90,000 Green Dot locations nationwide. However, participating retailers may charge you a fee.
  • Access to credit. Anyone who opens a GO2bank account and sets up an eligible direct deposit can open a GO2bank credit card. There’s no credit check, making it a great option for those who need to repair or build their credit.

5 things to look out for

GO2bank has some attractive perks, but there are also some drawbacks to look out for.

  • Potential monthly fee. You’ll pay $5 a month for your GO2bank account unless you set up a qualifying direct deposit, such as a paycheck or government benefits.
  • Fees for overdraft protection. GO2bank touts up to $200 in overdraft protection. But if you opt in to this service, you’ll pay a $15 fee if you don’t bring your balance back to $0 within 24 hours.
  • Limited withdrawal options. You can’t withdraw your money by making ACH transfers or transferring money to a bank account or debit card. Your only option is to withdraw money from an ATM or at a retailer as a cash back transaction. But according to Go2Bank, they’re adding more options soon.
  • Interest paid quarterly. Most savings accounts deposit interest into your account monthly, but with GO2bank, you’ll get your interest once every three months
  • Limited customer support. You can’t talk to a customer service representative on the phone without having an account first, which can be a drawback if you need questions answered about the account before you decide to open.

If you don’t want to worry about monthly fee requirements, compare free checking accounts.

GO2bank‘s ATM network and fees

Use your GO2bank debit card to withdraw cash for free at any Allpoint ATM nationwide. If you use an ATM outside of this network, you’ll pay a $3 fee.

Compare GO2bank with other checking accounts

Use this table to compare GO2bank to other popular accounts. Sort the table by minimum deposit to open, ATMs and more to find the account that’s right for you.

Name Product Fee Minimum deposit to open Annual Percentage Yield (APY) Offer
BMO Harris Smart Advantage Account
Finder Rating: 4.7 / 5: ★★★★★
BMO Harris Smart Advantage Account
$0 per month
Get a $200 bonus when you open a new Smart Advantage account and have a cumulative total of $4,000 or more in qualifying direct deposits in the first 90 days
Earn a $200 cash bonus after $4,000 deposits in the first 90 days. Pay $0 monthly fees and no minimum balance. Access a large nationwide network of free ATMs.
PSECU checking account
Finder Rating: 4.4 / 5: ★★★★★
PSECU checking account
$0 per month
Earn up to $300: $100 when you get a savings and checking account and activate your debit card with digital banking within 30 days. $100 with monthly payroll direct deposit of $200+ within 90 days. $100 when you maintain direct deposits for an additional 90 days. Select Level Up Your Banking to see terms and get the promo.
Earn a bonus and 5 or 10 cents in rewards on all eligible purchases. Pay $0 in monthly fees, no overdraft fees and get ATM fee reimbursements.
Axos Bank Essential Checking
Finder Rating: 5 / 5: ★★★★★
Axos Bank Essential Checking
$0 per month
Pay $0 monthly and overdraft fees, and get reimbursed for domestic ATM fees. No opening deposit or minimum balance requirement. Get your paycheck up to 2 days early with direct deposit.
Upgrade Rewards Checking
Finder Rating: 4.3 / 5: ★★★★★
Upgrade Rewards Checking
$0 per month
Earn up to 2% cashback rewards on everyday purchases. Pay $0 fees for overdraft, domestic wire transfer and monthly maintenance. Pair with Upgrade’s savings account to earn 3.75% APY. Get up to 20% discounts on Upgrade loans and credit lines.
Chime Checking account
Finder Rating: 4.7 / 5: ★★★★★
Chime Checking account
$0 per month
Save easily and access your paycheck up to 2 days early with direct deposit. Pay $0 monthly fees, and no minimum balance is required. Access 24/7 support and get daily balance and transaction alerts.

Compare up to 4 providers

How do I deposit or withdraw my money?

There are several ways to access money in your GO2bank account.


  • Direct deposits
  • Check deposit in the mobile app
  • Cash deposit at a Green Dot location
  • Transfer from a linked bank account
  • Transfer from a linked debit card


  • ATM
  • Cash back at a retailer

Frequently asked questions

How does GO2bank‘s cash back work?

Unlike most rewards debit cards, you’ll only earn cashback when you buy e-gift cards from select retailers from Go2Bank’s app or the merchant’s website. To use GO2bank‘s cash back, follow these steps.

  1. Log in to the GO2bank mobile app and select which e-gift card you’d like to buy.
  2. Buy the e-gift card using your GO2bank balance.
  3. Your cashback rewards will instantly deposit into your account.
  4. Use your card number and PIN when using the app or visiting the merchant’s website or us the barcode Go2Bank provides when you shop in-store.

How does the GO2bank savings vault work?

You can create up to five savings vaults in your GO2bank account and use them to save for anything from emergencies to your next vacation. You’ll earn 4.5% interest on up to $5,000 in combined vault balances, paid quarterly.

Checking account ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze top checking accounts and rate them one to five stars based on factors that are most important to you. 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.

Read the full methodology of how we rate checking accounts.

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