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GO2bank account review

Earn up to 7% cash back and up to 1% APY on savings.’s rating: 3.7 / 5.0


GO2bank, formerly known as GoBank, is a two-in-one spend and save account that comes with cashback rewards and earns 1% 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 $200 in overdraft protection isn’t all it’s cracked up to be.

$5 per month





APY1.00% on balances of $0 to $5,000
Fee$5 per month
To waive the feeSet up a qualifying direct deposit, such as a paycheck or government benefits in the previous monthly statement period.
ATMsOver 19,000 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

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.

GO2bank is a recently launched mobile bank account from prepaid card giant Green Dot. It’s a two-in-one spend and save account that comes with cashback rewards and earns 1% 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 $200 in overdraft protection isn’t all it’s cracked up to be.

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$4
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. Click Apply now.
  2. From the provider site, 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 and phone number, agree to the terms and conditions and select Continue.
  6. Enter your date of birth and Social Security number and select Continue.
  7. 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
  • Social Security number
  • Government-issued photo ID
  • US residential address

Required information

GO2bank asks for the following information when you apply.
  • Full name
  • Date of birth
  • Home address
  • Social Security number
  • Government-issued photo ID number

What are the 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.
  • High-yield savings account. When this feature launches later this year, you’ll earn 1% APY on balances up to $5,000 kept in your savings vault. GO2bank hasn’t disclosed if you’ll earn any interest on balances over this limit.
  • 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.

What should I 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.
  • 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.
  • Fee discrepancy for cash deposits. GO2bank‘s deposit agreement states that the fee for cash deposits is up to $5.95, but their website’s fee page states it’s up to $4.95.

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 APY Minimum deposit to open ATMs Out-of-network ATM fee
Aspiration Spend & Save Account
Finder Rating: 3.8 / 5: ★★★★★
Aspiration Spend & Save Account
Up to 1.00%
55,000 free in-network ATMs
Deposits are fossil fuel-free and insured by the FDIC. Enjoy a spend and save combo account with unlimited cash back rewards and a $100 bonus when you spend $1,000 in your first 60 days.
Chime Spending account
Finder Rating: 4.7 / 5: ★★★★★
Chime Spending account
60,000+ fee-free ATMs
Get rid of fees with this financial app offering consumer-friendly accounts. Chime can also help you save easily and access your paycheck faster.
Finder Rating: 3.8 / 5: ★★★★★
over 55,000 free in-network ATMs
Current connects your money to friends, family, brands, and experiences that matter.
Chase Total Checking®
Finder Rating: 3 / 5: ★★★★★
Chase Total Checking®
Access to 16,000 ATMs and more than 4,700 branches nationwide
Chase Total Checking is easy to use and gives you access to 16,000 ATMs and more than 4,700 branches. It offers a $225 signup bonus to new Chase customers
Finder Rating: 4.8 / 5: ★★★★★
Up to 1.20%
more than 85,000 ATMs nationwide
OnJuno embraces an open banking system for everyone, regardless of their age, location, or income.

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 (coming soon)
  • Cash deposit at a Green Dot location
  • ACH transfer from an external bank
  • Transfer from a linked bank account
  • Transfer from a linked debit card (coming soon)


  • ATM
  • Cash back at a retailer
  • ACH transfer to an external bank
  • Transfer to a linked bank account
  • Transfer to a linked debit card (coming soon)

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. 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.

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 1% interest on up to $5,000 in combined vault balances.

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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