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Green Dot Money loans review

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Apply for a loan of $100 to $10,000 through a network of legit online lenders.

If you need money quickly but don’t want to spend time browsing lenders, consider applying through Green Dot Money. This lending marketplace could include an option that fits your needs — even if you have poor credit.

Read on to learn how Green Dot Money can connect you to a short-term loan with fast funding.

Green Dot Money no longer operating

As of May 2018, it appears that Green Dot Money is no longer operating. Green Dot continues to offer prepaid debit cards and a range of banking services. If you’re interested in a short-term loan, compare this selection of available providers.

$100

Min. Amount

$10,000

Max. Amount

Details

Product NameGreen Dot Money Loans
Min. Amount$100
Max. Amount$10,000
Loan TermVaries
Loan SecurityUnsecured
RequirementsYou must live in one of its serviced states; be at your state’s age of majority; be a citizen or permanent resident of the US; have a steady source of income and a bank account or reusable debit card.

Green Dot Money no longer operating

As of May 2018, it appears that Green Dot Money is no longer operating. Green Dot continues to offer prepaid debit cards and a range of banking services. If you’re interested in a short-term loan, compare this selection of available providers.

How does Green Dot Money work?

Green Dot Money doesn’t provide loans directly. Instead, it’s a loan-connection service that can connect you to lenders willing to offer amounts and terms you specify in its simple online application. After you apply, you choose a loan from among those you’re eligible for and accept a contract on the specific lender’s website.

How short-term loan brokers work

What loans could I get through Green Dot Money?

  • Payday loans. Payday loans — also called short-term or cash advance loans — are a quick way to get small amounts of money when you need it most. The amount you borrow including accrued interest is typically due in two to four weeks. Because these loans are designed for people with less-than-perfect credit, prepare for high interest rates and multiple fees.
  • Installment loans. Similar to payday loans, installment loans come with high interest rates and multiple fees. But they can be repaid over months, rather than weeks — which makes them a better choice for larger amounts. Longer repayment terms result in smaller payments, but interest can add up quickly.

How does Green Dot Money compare to other short-term loan brokers?

Data indicated here is updated regularly
Name Product Filter Values Max. Loan Amount Turnaround time Requirements
Fast5kLoans Short-term Loans Connection Service
$35,000
As soon as the next business day
Regular source of income, verifiable bank account, US citizen, ages 18+
Get connected with multiple lenders you might qualify with — even if you have bad credit.
CreditLend connection service
$2,500
Varies by lender
Regular source of income, checking account, not currently involved in bankruptcy or bankruptcy relief
Find a line of credit — even if you don't have a perfect score.
LendYou Short-term Loans
$15,000
Same business day to 1 business days
$1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
Get offers from potential lenders in minutes by filling out just one online form.
BadCreditLoans.com
$5,000
Varies
Depending on lender requirements, people from all 50 states may not be eligible for a personal loan.
With straightforward, simple qualifications, these loans offer easy approval for people with poor credit.
Slam Dunk Loans
$50,000
Same business day to 1 business days
Employed, $800+ regular monthly income, checking account, ages 18+, US citizen
Fill out a simple online form to compare offers from several lenders that may be able to help.
CashUSA Installment Loans
$10,000
As fast as same business day
Regular source of income, bank account, US citizen or permanent resident, age of majority in your state
Explore its online education center to get tips on budgeting, how to prioritize your bills and more.
CashAdvance.com Payday Loans
$1,000
1 to 2 business days
Employed, $1,000+ monthly income after taxes, US citizen or permanent resident, ages 18+
Use its repayment calculator to see how the loan term and amount you borrow affects the overall cost.
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Compare up to 4 providers

What are the benefits and drawbacks of Green Dot Money?

Pros

  • No obligation. If you don’t like the terms you’re given, you’re under no obligation to accept a contract.
  • Borrow how much you want. Whether you need $100 to get by until your next paycheck or $1,000 for emergency expenses, you might find a loan to get over your financial hurdle.
  • Prepaid debit cards available. Some lenders may let you choose to load your funds on a prepaid debit card for added convenience.

Cons

  • High rates. Short-term loans come with high APRs — from $15 to $30 for every $100 you borrow.
  • No guarantee. Green Dot Money has a large network, but it might not always be able to find you a lender.

You have other options when short-term loans aren’t the right choice

How much does it cost to use Green Dot Money?

As with most loan-conntection services, it’s free to search for a loan through Green Dot Money. In fact, you won’t pay anything until you sign a loan contract. At that time, you’re responsible for any costs determined by your lender.

Is Green Dot Money safe to use?

Yes. Green Dot Money is legit. It complies with federal regulations when it comes to keeping your information safe. Your files are private and secure on its servers, and your personal details are shared only if it’s necessary to find you a lender.

Make sure your lender’s legit before you sign any contract

Green Dot Money reviews and complaints

BBB accredited Yes
BBB rating NR
BBB customer reviews 1.04 out of 5 stars, based on 574 customer reviews
Trustpilot score 1.3 out of 5, based on 120 customer reviews
AppStore score 3.5 out of 5 stars, based on 6,596 customer reviews
Google Play score 4.2 out of 5 stars, based on 50,178 customer reviews
Customer reviews verified as of 16 October 2020
GreenDot gets overwhelmingly negative customer reviews. Many customers report struggling to fix problems with their Green Dot card, having their information stolen and being charged fees they didn’t expect. Minnesota has also filed a complaint against Green Dot after a customer wasn’t able to receive their tax refund on a Green Dot card due to a fraud-prevention block the company uses.

How do I apply?

The Green Dot Money application is quick and simple. You’ll need to provide some basic information at this step and prepare to give up more once you’re connected with a lender. Here’s what you’ll need:

Eligibility criteria:

  • You must live in one of its serviced states. Green Dot Money currently services all states and Washington, DC except: Colorado, Connecticut, Iowa, New York, Vermont, West Virginia.
  • You must be at least 18 years old (or your state’s age of majority).
  • You must be a citizen or permanent resident of the US.
  • You must have a steady source of income.
  • You must have a bank account or reusable debit card.

Required information:

  • Personal details, including your name, date of birth, Social Security number and government-issued ID
  • Contact details, including your email, phone number and home address
  • Financial details, including your bank account numbers and your monthly income

Bottom line

If you’re in need of cash and and looking for quick funding, let Green Dot Money do the work of finding a lender for you. You may find a loan that meets your needs and helps you pay for whatever financial emergencies come your way. Consider other short-term loan brokers if you’d to compare your options.

Are payday loans available in my state?

Frequently asked questions

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18 Comments

  1. Default Gravatar
    BJ.
    September 23, 2019

    My husband is getting a loan through Green Dot. I’m a little worried because they say everything looks good. But I’m the morning he is supposed to wait on a call then they do a backdoor credit check an they said he would have the money by tomorrow night or the next morning. This just sounds fishy to me.

    • Avatarfinder Customer Care
      nikkiangco
      September 23, 2019

      Hi BJ,

      Thanks for getting in touch! I understand your position. It’s helpful to know that all companies featured on our site have regulated licenses to operate. To further help you, here is our page that explains how to detect scams about personal loans. Also, with Green Dot, funds are usually deposited into your bank account by the next business day, but it ultimately depends on your lender and your bank. These are some factors you can check while waiting for the funds to be deposited.

      Hope this helps!

      Cheers,
      Nikki

  2. Default Gravatar
    Angela
    July 26, 2019

    Could you guys help find a lender

    • Avatarfinder Customer Care
      nikkiangco
      July 26, 2019

      Hi Angela,

      Thanks for leaving a question on our page! You can find other payday loan lenders on this page. When choosing payday loan lender, carefully review their eligibility criteria before applying to increase your chances of approval. Read up on the terms and conditions and product disclosure statement and contact the bank should you need any clarifications about the policy.

      Hope this helps!

      Best,
      Nikki

  3. Default Gravatar
    Cece
    March 4, 2019

    Where exactly do you go to apply? I’ve searched green dot money and the website doesn’t show the option to apply for a loan.

    • Avatarfinder Customer Care
      nikkiangco
      March 4, 2019

      Hi Cece,

      Thanks for reaching out to finder – According to our page, it states, “Green Dot Money doesn’t provide loans directly. Instead, it’s a loan-connection service that can connect you to lenders willing to offer amounts and terms you specify in its simple online application. After you apply, you choose a loan from among those you’re eligible for and accept a contract on the specific lender’s website.”

      Hope this helps!

      Best,
      Nikki

  4. Default Gravatar
    Joe
    January 2, 2019

    Does cash store consider green dot Visa card a valid bank account I’ve had it for a year or two now already and it says it’s a checking account

    • Avatarfinder Customer Care
      nikkiangco
      January 2, 2019

      Hi Joe,

      Thanks for getting in touch! Cash store considers an active checking account as one of their eligibility requirements. To find out your eligibility for Cash Store, we suggest contacting Cash Store directly. A friendly reminder to please review the terms and conditions and product disclosure statement of their policy before lodging an application.

      Hope this helps!

      Best,
      Nikki

  5. Default Gravatar
    Brandon
    September 29, 2018

    Do you know if CashnetUSA will load my funds onto a Go Bank card even though they said they don’t accept prepaid cards?

    • Avatarfinder Customer Care
      Charisse
      September 29, 2018

      Hi Brandon,

      Thanks for reaching out to finder.

      Go Bank is not a prepaid card. It is a checking account which comes with a debit card and you can easily access your account online and on mobile. You can write checks with it; deposit cash and checks to your account; transfer money and pay bills online. CashnetUSA requires borrowers to have an active checking account so Go Bank account should be accepted.

      You can also contact CashnetUSA for further assistance on this. Hope this helps.

      Cheers,
      Charisse

  6. Default Gravatar
    terri
    September 27, 2018

    I need a loan for 2, 000

    • Avatarfinder Customer Care
      johnbasanes
      September 28, 2018

      Hi Terri,

      Thank you for reaching out.

      The finder page you are on is specific to the US market. I understand that you are looking for a loan of $2000. You may want to check on local lenders or local banks for options on taking out a personal loan. Hope this helps!

      Cheers,
      Reggie

  7. Default Gravatar
    Cecilia
    June 30, 2018

    I need a loan to catch up on some bill how can I apply and is there a phone number i can call

    • Default Gravatar
      joelmarcelo
      June 30, 2018

      Hi Cecilia,

      Thanks for leaving a question on finder.

      As of May 2018, it appears that Green Dot Money is no longer operating. Green Dot continues to offer prepaid debit cards and a range of banking services. If you’re interested in a short-term loan, you can compare from this selection of available providers.

      Cheers,
      Joel

  8. Default Gravatar
    Kory
    March 31, 2018

    I have a green Dot Visa card with direct deposit and I need an emergency loan today. I feel like I’m going in circles trying to find a loan institution that will deposit funds into a green Dot account. Help please?

    • Avatarfinder Customer Care
      Joshua
      March 31, 2018

      Hi Kory,

      Thanks for getting in touch with finder.

      You might want to consider applying through Green Dot Money, a lending marketplace. You may go to their website and create an account. From there, you can now browse their partners.

      Now, if that doesn’t work, try getting a payday loan on a prepaid debit card. You can use your Dot Visa card to obtain your borrowed money.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

  9. Default Gravatar
    Yeager
    February 27, 2018

    I have a green dot card which I have been using for years, Is it possible for me to get a loan based on funds that are deposited to that account? If so how do I apply

    • Avatarfinder Customer Care
      robellynnenrile
      March 5, 2018

      Hello Yeager,

      Thank you for your inquiry. Green Dot Money doesn’t provide loans directly. Instead, it’s a loan-connection service that can connect you to lenders willing to offer amounts and terms you specify in its simple online application. After you apply, you choose a loan from among those you’re eligible for and accept a contract on the specific lender’s website.

      Hope this helps. Should you have further questions or clarifications, please do not hesitate to contact us again.

      Best Regards,
      Robyn

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