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Senior Contributor
Ron1
Posts: 4,883
Registered: ‎05-23-2009
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Has anyone heard about GoBank™?

Valued Contributor
bs6054
Posts: 1,673
Registered: ‎11-11-2012
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Re: Has anyone heard about GoBank™?

I'm not clear from the press release what is so special about this.  I have several internet bank accounts, and each provides a smartphone app, of varying quality.

None of those currently allow customization of the debit card, but, unlike Cap One/Wells Fargo credit cards, looks like Go Bank charges for this (I can't imagine paying for this, but maybe they've done market research).  The rest seems to be a set of features available in different places (Amazon payments for example), so the feature set may be unique but that's true of many of the other banks (e.g. everbank allows foreign currency accounts and trading in metals...)

 

So, not sure just how excited I should be!

Frequent Contributor
jake619
Posts: 496
Registered: ‎11-13-2012
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Re: Has anyone heard about GoBank™?

"members can voluntarily pay a monthly membership fee in any amount they think is fair, from nothing up to a maximum of $9 per month."

 

I wonder how well this model works in the long run.


GangnamFICO wrote:

Because the chicks dig it when I throw down the card to the waiter and...it comes in handy if I'm short on cash until payday and need a short spot. AMEX gets the booty, and that's important when you're a Pirate.


Minor vulgarity edit --Rev



Valued Contributor
bs6054
Posts: 1,673
Registered: ‎11-11-2012
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Re: Has anyone heard about GoBank™?


jake619 wrote:

"members can voluntarily pay a monthly membership fee in any amount they think is fair, from nothing up to a maximum of $9 per month."

 

I wonder how well this model works in the long run.


Yes, I decided not to join because suppose I want to pay $10 a month?

Valued Contributor
Repo-ed
Posts: 2,953
Registered: ‎02-09-2012
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Re: Has anyone heard about GoBank™?


jake619 wrote:

"members can voluntarily pay a monthly membership fee in any amount they think is fair, from nothing up to a maximum of $9 per month."

 

I wonder how well this model works in the long run.


L O L

 

:smileyvery-happy:

Valued Member
iloverewards
Posts: 65
Registered: ‎12-30-2012
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Re: Has anyone heard about GoBank™?


bs6054 wrote:

jake619 wrote:

"members can voluntarily pay a monthly membership fee in any amount they think is fair, from nothing up to a maximum of $9 per month."

 

I wonder how well this model works in the long run.


Yes, I decided not to join because suppose I want to pay $10 a month?


LOL

 

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New Visitor
gridlock
Posts: 2
Registered: ‎05-12-2012
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Re: Has anyone heard about GoBank™?

The only difference between Gobank and some other internet bank is the ability to add cash at no charge.  That will be possible through WalMart registers.

Senior Contributor
Ron1
Posts: 4,883
Registered: ‎05-23-2009
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Re: Has anyone heard about GoBank™?

Go Bank sent me an invitation last week.  I was able to signup on the second try.  You can fund your account either by debit card (no charge) like Serve, direct deposit and scan checks. NO ACH. You can move your money into specail savings area called the Vault.  You can withdrwal funds from cash free ATMs across the nation like inside the Walgreens and CVS. By the way, they sent you two code to your email address and SMS to your phone. They will ask you three questions about from public record company.  I failed the first time. I was able to answer on the second try.

 

 

Ron.

New Visitor
gridlock
Posts: 2
Registered: ‎05-12-2012
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Re: Has anyone heard about GoBank™?


Ron1 wrote:

Go Bank sent me an invitation last week.  I was able to signup on the second try.  You can fund your account either by debit card (no charge) like Serve, direct deposit and scan checks. NO ACH. You can move your money into specail savings area called the Vault.  You can withdrwal funds from cash free ATMs across the nation like inside the Walgreens and CVS. By the way, they sent you two code to your email address and SMS to your phone. They will ask you three questions about from public record company.  I failed the first time. I was able to answer on the second try.

 

 

Ron.


One of the three initial funding options is cash through a MoneyPak which costs $4.95 which they refund to you.

 

You can deposit cash at Walmart free of charge at any register once you receive your debit card in the mail.  I don't know why anyone would want to use ACH unless they had to since it takes forever.

Senior Contributor
Ron1
Posts: 4,883
Registered: ‎05-23-2009
0

Re: Has anyone heard about GoBank™?

I finally got my debit card yesterday. The card looks pretty good.  I haven't tried online billpay yet. I like you can do everything on the phone apps.  I like you can deposit funds by using the debit cards ( Visa/MC only) You can put aside your money into the special place  to save money like PNC Virtual Wallet.  I think it is pretty cool.

 

 

Ron.


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