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finder.com’s rating: 3.7 / 5.0
★★★★★
The Go2Bank mobile bank account, formerly known as GoBank, comes with early direct deposits, up to 7% cash back on e-gift card purchases, access to a high-yield savings account that earns up to 1% interest and a string of other perks. It’s best for those who have at least $500 in monthly direct deposits — otherwise you’ll pay $5 a month.
$5 per month
Fee
N/A
APY
APY | N/A |
---|---|
Fee | $5 per month |
To waive the fee | at least $500 in monthly direct deposits |
Intro or bonus offer | Earn a $15 tax refund reward when you activate a GO2bank debit card, then direct deposit your federal or state tax refund and two qualifying direct deposits of $500+ each by 6/30/21 |
ATMs | over 19,000 in-network ATMs nationwide within the Allpoint ATM network |
ATM transaction fee | $0 |
Out-of-network ATM fee | $3 |
Foreign transaction fee | 3% |
Overdraft fee | $15 |
Review by
Katia Iervasi is a staff writer who hails from Australia and now calls New York home. Her writing and analysis has been featured on sites like Forbes, Best Company and Financial Advisor around the world. Armed with a BA in Communication and a journalistic eye for detail, she navigates insurance and finance topics for Finder, so you can splash your cash smartly (and be a pro when the subject pops up at dinner parties).
Miscellaneous fees can quickly stack up if you’re traveling, making cash deposits or channeling less than $500 into your account a month via direct deposit. If you open a Go2Bank checking account, make sure you read the fine print so you know how to avoid or minimize these fees.
You used to be able to open a GoBank account at participating Walmart stores, but now the only way to open your account is online.
Once your application is approved, you can expect the debit card to arrive in the mail within seven business days.
To sign up for a checking account, you must be:
The application will ask for the following information:
While the Go Bank checking account has its perks, there’s also the fine print:
If you’re a frequent international traveler or make a lot of cash deposits, you’ll want to keep looking. As always, compare your options when choosing a checking account.
You can withdraw up to $500 from ATMs each day. And if you dip your debit card into an out-of-network ATM, Go2Bank will charge a fee of $3. The ATM operator may charge additional fees. All foreign transactions are subject to a 3% fee, so if you withdraw cash from an international ATM, factor in that cost.
You can move money around in the following ways:
★★★★★ — 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.