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finder.com’s rating: 3.2 / 5.0
★★★★★
Green Dot Unlimited is a checking and savings account combo from prepaid card giant, Green Dot. The account comes with unlimited 2% cashback on debit card purchases, a high-yield savings account earning 2% APY and free cash deposits. But you’ll need to spend at least $1,000 a month to avoid the $7.95 monthly fee and you can only redeem your interest and cashback rewards once a year.$7.95 per month
Fee
2.00%
APY
$0
Minimum deposit to open
APY | 2.00% on balances of $0 to $10,000 If you open a High-Yield Savings Account |
---|---|
Fee | $7.95 per month |
To waive the fee | Spend $1,000 or more using your card each month |
Minimum deposit to open | $0 |
ATMs | Thousands of free in-network ATMs |
ATM transaction fee | $0 |
Out-of-network ATM fee | $3 |
Foreign transaction fee | 3% |
Overdraft fee | $0 |
Review by
Cassidy Horton is a writer for Finder, specializing in banking and investments. She has a Bachelor of Science in Public Relations and a Master of Business Administration from Georgia Southern University. Cassidy enjoys educating people about financial services, exploring the Pacific Northwest and watching endless reruns of The Office.
It comes with a separate savings account that earns 2% APY on balances up to $10,000. Meaning you can earn up to $200 a year in interest. And similar to prepaid cards, you won’t pay any fees for overdrafts or bounced checks.
But if you review the fine print, there are a few red flags. First, you can only redeem your cash back and savings account interest once a year on your account anniversary. This is unusual as most banks deposit these rewards into your account each month.
Second, your savings account doesn’t earn any interest on balances over $10,000. If you keep more than $10,000 in savings, you may earn more in a regular high-yield savings account.
Request your Green Dot Unlimited account at one of these participating retailers. Or, apply online in two simple steps:
Your debit card should arrive in the mail within seven to 10 business days of completing your application.
Open a Green Dot Unlimited account when you meet these requirements:
The Green Dot Unlimited bank account has standard features like bill pay, FDIC insurance and a debit card. But it also has these standout features:
Most purchases made online or on mobile qualify for 2% cash back. Here’s a list of everything that doesn’t qualify:
You’ll get a notification in your Green Dot mobile app each time you make a qualifying purchase.
The Green Dot Unlimited account seems like a clear winner on the surface, but there are a few details to consider:
If you’re looking for an account that doesn’t have many restrictions, compare your options to find a digital bank account with simpler fees.
Use the table to compare Green Dot Unlimited’s fees and features to other top-rated digital accounts.
★★★★★ — 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.