Green Dot is an American financial institution which is headquartered in Pasadena, California. A person named Steve Streit started the company in 1999 as a prepaid debit card for teenagers to shop online. Green Dot is the world’s largest prepaid debit card company in terms of market capitalization. The question remains, “where can I load a Green Dot card?” Well, it is an easy process that should never bother you.
If you want to load your Green Dot Card, you only need to contact Green Dot Bank by calling (866) 871-2414. You can also call the number on the back of your card or send mail at P.O. Box 5100, Pasadena, California 91117. Like any other payment card, you can use a Green Dot card to send and receive money via various platforms.
For you to transfer money from Green Dot to PayPal you need to log online onto your Green Dot account and select Green Dot send money feature, and then select PayPal. After finishing, Paypal will always send you an email to confirm that the transfer was successful.
How do I get started with Green Dot?
As long as you are a US resident and over 18 years with all the necessary documents such as an identification document, a birth certificate and Social Security number, you can easily apply for a Green Dot account. To start the application, you need to download the smartphone Green Dot app and apply it systematically.
You can also log into the company’s website and apply. Next, you need to purchase a limited-use starter kit at a retailer such as Walmart or CVS.
Can I transfer money from Green Dot to a bank account?
It is easy to transfer money from a Green Dot card to your bank account. If you want to know how to transfer money from a Green Dot card to a bank account, then first, you need to understand how Green Dot works.
Green Dot allows the transfer of money from one Green Dot card account to another Green Dot card account anywhere in the USA. Your recipient’s account should be active to receive the money. You need their mobile number or email. Upon receiving the funds, they can start using it. There are no unnecessary delays.
Can I receive money from another bank into my Green Dot account?
You can receive money from other banks into your Green Dot account. Your sender can log into their bank’s website to access their account and send money to your account. Moreover, you can receive funds from a credit union or any other financial institution.
If you hold a different bank account other than Green Dot, you can quickly transfer funds into the Green Dot account. People from outside the U.S. can send money into your account using their checking accounts. Green Dot charges you some fee on the funds received.
What do I need to send money from my Green Dot account to a different bank?
You can send money from your Green Dot account to other bank accounts successfully if you have the right information regarding the recipient of the funds. You need the routing number of the receiving bank and account number of the recipient.
You also need to have their full names to ensure that you are accurate. For you to successfully transfer money using the routing number and account number, you need to ensure that you have sufficient funds in your account; otherwise, the transaction will fail.
The Green Dot MoneyPak is an essential tool when it comes to the transfer of funds to another bank. You will find the service anywhere Green Dot is located and charges $5.95 for reloading. The primary purpose of MoneyPak is to deposit money in your Green Dot account.
Which prepaid debit cards can I get from Green Dot?
Green Dot has various prepaid cards you can choose from. They include the following.
1) Unlimited cashback bank account
The card was launched on July 30th, 2019. It was mainly to assist those with savings accounts. The card gives you a 2% cash back return on purchases and a 2% APY towards your savings account. The 2% APY is paid on deposits on deposits up to a $10,000 balance.
The account is easy to reload online using app. Make free deposits at various retail outlets. The account allows you to get your pay two days earlier. Interestingly, there are no overdraft fees whatsoever. Again, there is no minimum balance needed for the account.
In summary, the account offers;
- Free cash deposits at retail stores using the app
- 2% annual interest (APY) on your savings up to a $10,000 balance
- 2% cashback on online and mobile purchases with no cap
- Early access to salary
- No minimum balance requirement
- No fees on overdrafts
- Free in-network ATMs nationwide
2) Uber business debit
The card enables instant pay or weekly pay to Uber drivers. It was as a result of Green Dot partnering with Uber to facilitate easy payment of the Uber drivers.
3) Green Dot Prepaid Card & Cash Back Debit Card
The cards are useful for shopping in various stores within the country. The Debit card is available in both online and physical stores, while the Prepaid Card is only available on physical stores. If you purchase a card online, it will come personalized with your name.
However, cards at physical stores are not personalized and just indicate “Valued Customer” instead of engraving your name. Unfortunately, the temporary cards, unlike the personalized ones, are not reloadable. If you want the customized card, you can order and receive it within seven business days into your mailbox.
Personalized cards attract a monthly fee of $9.95. You can avoid the fee by making 30 purchases or more in a month or loading the card with more than $1000 in a month.
The card offers early direct deposit, money management, and rewards. It is a personalized prepaid card founded in 2013 by UniRush LLC, which later sold it to Green Dot at an estimated cost of $147 million.
5) Walmart MoneyCard
You can use the card to shop at Walmart stores. It is personalized and reloadable so that you can use it again and again. The card was a result of a partnership between Green Dot and Walmart to facilitate shopping by its customers.
How can I reload either of the prepaid cards?
Reloading of any Green Dot is simple. You can have your salary going straight to your card account using the direct deposit. You can also use ACH transfers from a bank account. It is similar to a situation where I can transfer money from another account to my account online.
You can also recharge your card with PayPal. Moreover, you can use MoneyPak to reload the cards and pay a $5.95 fee for reloading.
Does Green Dot issue credit cards?
The Green Dot Corporation issues a credit card known as the Platinum Visa Secured credit card. You need to deposit some cash to act as security to get the card. You can utilize the card to improve your credit score if you have a bad one. The card management reports to the three credit bureaus, including Equifax, Experian, and TransUnion.
Is my money safe at Green Dot?
Your money at Green Dot is FDIC-insured, and thus it is safe. If you have a Green Dot card, you can be at peace since you will not be liable for any unauthorized transaction if your card gets lost. However, you need to report to the support team as soon as you realize that it is lost.
Who is Green Dot best suited for?
Green Dot is suitable for people who are comfortable with online shopping using apps. People who like using cards at the shopping stores can find Green Dot amazing more so due to cash backs, zero charges on overdrafts, no minimum balance, and the 24/7 customer service by phone or chat.
What are the advantages of Green Dot Card?
There are various advantages associated with Green Dot which include;
- Zero charges on overdrafts
- No minimum balance requirement
- Convenient since you can access your account online on the go
- 2% annual interest (APY) on savings and 2% cash back on eligible purchases
- Free ATM services
- Dedicated 24/7 customer care
What are the disadvantages of Green Dot Card?
As long as Green Dot looks so good, there are a few issues that make it undesirable. These include the following;
- $3 charges for out-of-network ATM
- A monthly fee of $7.95 if you don’t meet spending minimums
- Joint accounts are not allowed
- Cashback rewards are restricted to particular transaction types
- Non-reloadable prepaid cards given at designated stores
- Lack of unsecured credit card
Green Dot card is an efficient shopping card that offers convenience and security of money. Moreover, the company’s cashback plus the free overdrafts provided by the bank are some of the best things you can find. Furthermore, your money is safe as the bank is FDIC insured. If you are employed, you can always benefit from a two-day earlier deposit of your salary. Despite the few challenges, a Green Dot card is worth having.