Finance | Banking

How to Transfer Money from GreenDot Card to Bank Account

Green Dot card is a prepaid card from the Greendot corporation founded by Steve Streit in the year 1999 for teenagers to shop online. However, in 2001 the company diverted its attention to serving the unbanked or underbanked groups. Recently, Greendot is the world’s largest prepaid debit card company according to market capitalization. It issues prepaid Mastercard and Visa cards in the US to nearly 100,000 retail stores. Therefore, learn how to transfer money from Greendot card to bank account.

Besides, Greendot cards are just regular debit cards that enable transactions deductions from the balance stored in the card. You can use the card for paying bills, online purchases and everyday shopping. Additionally, the user can add more cash to the card by paying cash at a retail store’s point of sale or in some scenarios from the user’s payroll. Usually, no minimum balance is required, and the loaded money on the card get protected from an unauthorized transaction.

Therefore, if you are looking for a genuine prepaid card that allows early direct deposits, the Greendot prepaid card is a perfect choice. You can apply online or visit an in store at a participating retailer. Interestingly, it has waivable monthly charges and other extra benefits. However, for most prepaid cards no fees, you ought to be careful of the account related charges that can accrue so fast if you are not aware of them.

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How Do You Transfer Money Using Green Dot Card?

Transfer Money from GreenDot Card to Bank Account

First, the primary step to do is getting the account number and the routing number associated with your Greendot prepaid card. Each prepaid card has an issuing bank that is different from the card issuer. You can quickly obtain this information from your prepaid card by logging into your prepaid card account. Next, you click on add money or transfer money, then account number and the routing number of your prepaid card under this option.

However, with the above details, you can comfortably transfer using a routing number and account number to your relatives, friends and other parties. This method is the simplest and most convenient way to transfer money to your bank account. You can transfer money from another bank to your Green Dot account for an initial funding of your account or managing your spending.

Secondly, you have to link your prepaid card to your bank account and set up an external account to transfer money from your prepaid card to any other bank account. Before you make any significant transaction, you have to conduct two small test deposit to ascertain whether the external account set up is successful. Once the verification process is certified, you can easily enjoy the transfer of cash from your bank to your prepaid card effortlessly.

After setting up the prepaid card account with your bank account, the transaction will proceed smoothly and simple. The worry about how to transfer money from another account to my account would be no more. Just log in to your bank’s website and fill up the following details.

  • The amount you want to transfer
  • Account to transfer the money from
  • Your Greendot prepaid card account

Why Is Greendot Prepaid Card Worth Having?

1. You can move money from account to account

Using Greendot, you can quickly transfer money anywhere in the united states that are from your Greendot account to another Green dot account card user. When you want to transfer money from one debit card to another, all you need is your friend’s email address or mobile number.

The recipient can start using the money immediately the minute they accept it. On the other hand, you can add to your balance by depositing money from another account into your Greendot account by a few minutes.

2. Use another banks website to add money to your Green dot account

You can deposit money to your Greendot account directly from another bank or transfer money from your external bank account, or other parties can send cash from their checking account to your Greendot account.

However, this service is free of charge at Greendot, but other outside banks may charge a service fee. Additionally, you can manage your account online or by use of a smartphone app, use online or mobile pay bill or make purchases at stores and online.

How Do You Get the Green Dot Prepaid Card?

You can get the prepaid card at the registered retail stores. Follow the following steps to find the closest location closest to you.

  • Visit the Green Dot website
  • Click on the other products then a prepaid card
  • Select down to the Green Dot Prepaid Visa card and click learn more

1. Go to find a location

Enable location finder or enter your location.

2. Eligibility requirements

For you to register for the Green Dot Prepaid card, you must have the meet the following.

  • Have a social security number
  • Be at least 18 years old.

3. Fill in the required information.

Get the following before registering your card online:

  • Full name, mobile phone number, and residential address
  • Date of birth and social security number
  • State or federal ids, such as driver’s license or passport

 After receiving your Green port prepaid card, get the most by taking advantage of all its feature. They include a monthly service fee waiver if you deposit at least $1000 each month, access to the mobile application and sign up for direct deposit once you create your online account, supportive customer service anytime on 866-795-7597 or twitter @greendotcards.

Benefits of Using the GreenDot Prepaid Card

Green Dot offers prepaid Visa and Mastercard options that you can easily manage. Getting started is just simple, open a bank account with no deposit required and access to its mobile app where you can transfer money and deposit checks together with the following features.

  1. Avoidable Monthly Fee
  2. No Overdraft Fees
  3. No Credit Checks
  4. Avoid Expensive Check-Cashing Services
  5. Free Online Bill Pay
  6. VIP benefits

1. Avoidable Monthly Fee

Green dot waives the monthly service fee when you deposit at least $1000 on your card. You can avoid the $7.95 monthly maintenance fee by loading $1000 every month.

2. No Overdraft Fees

 You can make an overdraft from your card, but you won’t get charged overdraft fee. However, you are the one responsible for any negative balances, and the monthly maintenance fees apply if you are at under or zero balance.

3. No Credit Checks

Your credit score or history won’t ruin your Green dot card application process. If bad credit is holding you from applying for a credit card or opening a checking account, you can quickly get a Green dot card and enjoy the convenience of electronic payments.

4. Avoid Expensive Check-Cashing Services

If poor credit is what taking you to Green Dot, one of the benefits is the convenience to cash checks for free. By either direct deposit or by using the mobile check deposit feature on the app, the app also enables you to keep a track into your account. You can get alerts when the balance it’s running low as well as review your balances.

5. Free Online Bill Pay

 Free online bill pay is a feature found with most conventional checking accounts. However, with a Green Dot card, there’s no point of ordering expensive paper checks. Also, bill payments can get scheduled through this feature at no additional cost.

6. VIP Benefits

For an extra fee, you can join Green Dot’s VIP program and receive exclusive benefits — including ATM-fee waivers and bank teller withdrawals, priority customer service and expedited card replacement plus No-fee cash back with debit purchases.

What are the Cons of Using the GreenDot Prepaid Card?

When choosing the Green Dot prepaid card as the best alternative to a traditional checking account, bear in mind that it does have its setbacks entirely attributed to the extra fees that can accrue if you not careful.

1. Fees for all ATM transactions and bank teller withdrawals

Green Dot has no ATM network, neither is it a subsidiary of any bank. Hence, using a bank or one of its ATMs will lead to some charges. Also, even if you’ll have the option to get cashback for no fee when carrying on debit purchases, that option is not always available or convenient when you need cash.

2. Additional fees if balance falls below $0.

Since this is a prepaid card, you have to load some deposit. Failure to do so, you are most likely charged with fees while your balance already was at or near $0.

3. High fees for paper checks

 A dozen checks cost around $5.95, which is expensive. On top of these inconveniences is that checks must be pre-authorized with the mobile app before you can use them.

How do GreenDot Cards Work?

You can easily set up a Green Dot prepaid card to accept direct deposits from government deposits, paychecks, or tax returns for free. You can also use the mobile app to deposit checks online. Once you have put money onto the card, it can be practiced like any other debit card. It may be used everywhere that accepts Visa card, so it’s got at many locations worldwide. Many retailers, including Kroger and 7-Eleven, permit for free cash withdraw money with account and routing number when you check out.

What Is The Daily Withdrawal limit for the GreenDot?

You may withdraw a maximum up to $500 in a single day at an ATM or bank teller with most GreenDot cards. The limit may vary depending on the sessions for your specific card; whatever, the Walmart Money Card by GreenDot, for example, follows the $500 per day ATM withdrawal limitation. But offers higher withdrawal limits of up to $1,000 per day at a Walmart register or Money Center and $1,500 per transaction at an attending bank teller.

If you would like to grow your daily ATM withdrawal limit, contact Green Dot’s customer service department (866) 795-7597. The total daily spend limit, which includes ATM withdrawals, is $3,000.

How to Transfer Money from Greendot to PayPal?

You can quickly transfer money from your Green Dot account to your PayPal account or someone else’s account. You only require to use the Green Dot send money characteristic f in your account to transfer funds to a PayPal account. The function is possible when you have a personalized GreenDot card. You must be very careful with getting the account’s PayPal ID to avoid sending money to the undesired person.

Furthermore, you can link the Green Dot card from MoneyPak to PayPal to make online buys from online shops such as Amazon, Walmart, and eBay. You can load cash onto your Green Dot MoneyPak card at Walmart, Walgreens, Rite Aid, CVS/Pharmacy, and other locations. The card can accommodate up to $1100 per load, though the maximum amount depends on the retailer. The menu also allows you to add funds to your PayPal account.

Interestingly, it is very comfortable to transfer funds from one GreenDot Account to another; you only need the recipient’s account number. Whatever, when sending money to an account of several banks, you need a routing number. You need to transfer money practicing the routing number and account number if you move to another bank other than Green Dot.

How can I Load a GreenDot card with a Credit Card?

The GreenDot card is like a debit card that may be applied like a credit card; other credit cards are acquired. A GreenDot card is affiliated with a MasterCard or VISA and is an excellent way to rebuild damaged credit. There must be adequate money loaded onto the user’s GreenDot account to cover the transaction and any transaction fees to do a Green Dot card.

This kind of prepaid card avoids overdrafts and defines the user from going into debt. There are some plans to reload your Green Dot card, making it a very comfortable card to use.

1. Load at the register

There are some ways to reload your GreenDot card, and one of the more effective ways is to perform to a treasurer at one of the thousands of retail locations that accept payments and reload your card that way. And the list of participating merchants adds national chains before-mentioned as Walmart, Dollar Tree, and Family Dollar. All you require to make is have your Green Dot card with you and assign the cashier to know how many you need to put on your card.

2. MoneyPak

You cannot reload your Green Dot card online at the GreenDot website, but there is a way to provide your card online conveniently. Your family and friends parts can buy a service called MoneyPak, and then use that service at MoneyPak.com to fill your GreenDot card.

Your card should be stimulated through GreenDot and personalised with your name for the MoneyPak system to act. This is great for parents to provide their college kids funds or give family members gifts on birthdays or holidays.

Can I get Money off my Greendot Card at Walmart?

The Walmart check cashing service will arrange your payroll or government check directly to your GreenDot card, so you can shop and make buy immediately. Standard Walmart contains cashing fees and limits apply. These services aren’t available in all states or stores. Reload fee and card balance limits apply.

How can Someone Send me Money on my GreenDot Card?

Someone can easily send money to you on the GreenDot card, so you need a valid mail or mobile number and follow some steps. The steps are given below

  • Firstly, log in and navigate to Pay Bills and People, select Pay People, and send money.
  • Next, enter the recipient’s name, email address, and memo, phone number, and the amount to send.
  • Hit Continue to review the information ere selecting send money to complete the transaction.

What Bank does GreenDot use?

From GreenDot Bank, Member FDIC, the checking account is outlined for today’s “on-the-go” customer, providing a host of modern characteristics and a linked MasterCard debit card.

How Much is it to Load a GreenDot Card?

General fees and features of the card costs $1.95. Green Dot waives a $7.95 service fee if you load at least $1,000 each month.

How can I Send Money from My GreenDot Card?

You can send money to someone in the U.S. as long as you have a legitimate email address or mobile phone number for the recipient.

  1. A first, log in and navigate to Pay Bills and People, select Pay People, and send money.
  2. Enter the recipient’s name, email address, memo, or mobile phone number and the amount to send.
  3. Finally, Hit “Continue” to review the information before selecting “Send Money” to perform the transaction.

How do I Transfer Money from Greendot to Cash App?

You can transfer Money your GreenDot card to the cash app very easily for that; you will follow some steps, and the steps are given below:

  1. At first, create the Cash App on your Android smartphone or iPhone.
  2. Next, go follow to the “My Cash” tab by tapping the building’s icon in the lower-left corner.
  3. And, under the “Cash and Bitcoin” section, press the “+ Add Bank” option.
  4. And if you want to add a credit or a debit card, enter your exceptionally card information in the pop-up screen, then tap “Add Card.” This link the card to your account.

Bottom Line

The current trend of online banking has revolutionized on most banking activities providing an easy and fast way to transact cashless. Most importantly, one of the main features is the convenience in money transfer from a prepaid card to a bank account.

You can get a Green Dot card even when you have a bad credit history or poor credit score. Besides, you can send money to someone without a bank account via a mobile phone. With this simple transaction, it can be essential to make your banking activities cost-efficient, simple and straightforward.

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