Green Dot Money short-term loans review July 2019 | finder.com

Green Dot Money loans review

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Green Dot Money Loans

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.

Product NameGreen Dot Money Loans
Min. Loan Amount$100
Max. Loan 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.
  • 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.
  • Be at least 18 years old (or your state’s age of majority).
  • Be a citizen or permanent resident of the US.
  • Have a steady source of income.
  • Have a bank account or reusable debit card.

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?

Updated July 24th, 2019
Name Product Filter Values Max. Loan Amount Turnaround Time Requirements
$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.
$15,000
1 business day
$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.
$50,000
1 business day
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.
$10,000
As early as 1 business day
$1,000+ monthly income after taxes, valid checking account
Explore its online education center to get tips on budgeting, how to prioritize your bills and more.
$1,000
1 business day
Valid bank account, proof of employment or steady income, US citizen, ages 18+
No credit? Past bankruptcy? One of the lenders in its network may still be able to help.

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

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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Important Information*
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14 Responses

  1. Default Gravatar
    CeceMarch 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
      nikkiangcoMarch 4, 2019Staff

      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

  2. Default Gravatar
    JoeJanuary 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
      nikkiangcoJanuary 2, 2019Staff

      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

  3. Default Gravatar
    BrandonSeptember 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
      CharisseSeptember 29, 2018Staff

      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

  4. Default Gravatar
    terriSeptember 27, 2018

    I need a loan for 2, 000

    • Avatarfinder Customer Care
      johnbasanesSeptember 28, 2018Staff

      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

  5. Default Gravatar
    CeciliaJune 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
      joelmarceloJune 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

  6. Default Gravatar
    KoryMarch 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
      JoshuaMarch 31, 2018Staff

      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

  7. Default Gravatar
    YeagerFebruary 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
      robellynnenrileMarch 5, 2018Staff

      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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