<p><img src="https://static6.businessinsider.com/image/5f3571f7e89ebf001f0445a7-1667/GoBank%20review%204x3.png" border="0" alt="GoBank review 4x3" data-mce-source="GoBank; Alyssa Powell/Business Insider"></p><p></p><bi-shortcode id="disclaimer" class="mceNonEditable" data-type="pfi"></bi-shortcode><bi-shortcode id="summary-shortcode" data-type="summary-shortcode" class="mceNonEditable" contenteditable="false">Summary List Placement</bi-shortcode><ul class="summary-list"><li>GoBank (Member FDIC) is an online-only bank that only offers a checking account.</li><li>The <bi-inline-shortcode id="commerce-link" contenteditable="false" data-fields="name" data-customtext="" data-shouldlink="true" data-pid="5f3ae6662618b976c03ed092">GoBank Checking Account</bi-inline-shortcode> lets you receive your paycheck and government benefits early.</li><li>There are no overdraft fees; if your purchase would overdraw your account, GoBank simply denies it.</li><li><a href="https://www.businessinsider.com/personal-finance/bank-accounts-early-direct-deposit" target="_blank" rel="noopener">See Business Insider's list of checking accounts with early direct deposit </a></li></ul><p>GoBank is a brand of <a href="https://www.greendot.com/" target="_blank" rel="noopener">Green Dot Bank</a> (Member FDIC) that provides an online-only checking account. The <bi-inline-shortcode id="commerce-link" contenteditable="false" data-fields="name" data-customtext="" data-shouldlink="true" data-pid="5f3ae6662618b976c03ed092">GoBank Checking Account</bi-inline-shortcode> is pretty simple, but it might appeal to you if you either a) want to receive your paycheck early or b) want an online account that allows you to deposit cash.</p><p>There's only a handful of banks that let you <a href="https://www.businessinsider.com/personal-finance/bank-accounts-early-direct-deposit" target="_blank" rel="noopener">receive your paycheck early</a>. With GoBank, you can receive your paycheck up to two days sooner than you would with another bank, and government benefits such as Social Security or unemployment checks up to four days before benefits day.</p><p>Not all <a href="https://www.businessinsider.com/personal-finance/best-online-banks" target="_blank" rel="noopener">online banks</a> let you deposit cash. You can put cash in your <bi-inline-shortcode id="commerce-link" contenteditable="false" data-fields="name" data-customtext="" data-shouldlink="true" data-pid="5f3ae6662618b976c03ed092">GoBank Checking Account</bi-inline-shortcode> at retailers with Green Dot locations, but you'll pay a $4.95 fee each time. Cash deposits are available in every state except Vermont.</p><bi-shortcode id="table-of-contents-sticky" class="mceNonEditable" data-type="h2">Table of Contents: Masthead Sticky</bi-shortcode><h2>Is GoBank a good match'</h2><table style="width: 100%; border-collapse: collapse;" border="1" cellpadding="10px"><tbody><tr><td style="width: 50%; text-align: center;"><strong>You might like GoBank if you:</strong></td><td style="width: 50%; text-align: center;"><strong>You might not like GoBank if you:</strong></td></tr><tr><td style="width: 50%;"><ul><li>Are comfortable banking digitally</li><li>Are just looking for a simple checking account</li><li>Want an online account that lets you deposit cash</li><li>Want to receive direct deposits early</li><li>Want paper checks</li></ul></td><td style="width: 50%;"><ul><li>Aren't comfortable banking digitally</li><li>Live in Vermont</li><li>Want to open a savings account, money market account, or CD</li><li>Want a checking account with more robust features, such as overdraft protection or interest paid</li><li>Don't qualify to waive the monthly service fee</li></ul></td></tr></tbody></table><aside class="quick-tip headline-regular"><p><strong>The bottom line:</strong> GoBank is a worthwhile option who want a simple checking account and want to receive paychecks before payday.</p></aside><h2><bi-inline-shortcode id="commerce-link" contenteditable="false" data-fields="name" data-customtext="" data-shouldlink="true" data-pid="5f3ae6662618b976c03ed092">GoBank Checking Account</bi-inline-shortcode> review</h2><bi-shortcode id="commerce-link" class="mceNonEditable" data-cardtype="credit-card" data-pid="5f3ae6662618b976c03ed092" data-type="undefined">GoBank Checking Account</bi-shortcode><p>The main perk of the <bi-inline-shortcode id="commerce-link" contenteditable="false" data-fields="name" data-customtext="" data-shouldlink="true" data-pid="5f3ae6662618b976c03ed092">GoBank Checking Account</bi-inline-shortcode> is that you can receive your money early. You could receive your paycheck up to two days early and your government benefits up to four days early.</p><p>Keep an eye out for fees. GoBank charges a $4.95 fee to deposit cash at Green Dot locations, a $3 fee for using a non-GoBank ATM, and an $8.95 monthly service fee. You may qualify to waive the monthly service fee.</p><bi-shortcode id="related-article-module" class="mceNonEditable" data-type="5ed7fc153ad861242a46bc2f" data-title="Here are the best checking accounts available right now" data-url="https://www.businessinsider.com/personal-finance/best-checking-accounts" data-thumbnail="https://i.insider.com/5ed92909aee6a86e94137448" data-shortcode-display-text="Related Article Module: Here are the best checking accounts available right now"></bi-shortcode><p>GoBank doesn't charge any overdraft fees, though. If you try to make a purchase that would overdraw your account, GoBank simply denies it. On the plus side, you won't get surprised by overdraft fees. But on the downside, there are no overdraft protection options.</p><div><style> #div-gpt-ad-1579713650634-0 > div > iframe { width: 100% !important; min-width: 300px; max-width: 595px; } </style><script async src="https://securepubads.g.doubleclick.net/tag/js/gpt.js"></script><script> window.googletag = window.googletag || { cmd: [] }; googletag.cmd.push(function () { googletag.defineSlot('/1035677/Business_Insider_', [[1, 1], [300, 139], [595, 139], [300, 250], [595, 250], [300, 360], [595, 360], [300, 475], [595, 475]], 'div-gpt-ad-1579713650634-0') .addService(googletag.pubads()); googletag.pubads().enableSingleRequest(); googletag.pubads().setTargeting('category', ["Banking"]).setTargeting('subcat', ["Savings Accounts"]).setTargeting('post_id', []) .setTargeting('post_url', []) .setTargeting('keyword', []) .setTargeting('company-product', []) .setTargeting('post_title', []); googletag.enableServices(); }); </script><!-- /1035677/Business_Insider_ --><div id="div-gpt-ad-1579713650634-0"> <script> googletag.cmd.push(function () { googletag.display('div-gpt-ad-1579713650634-0'); }); </script></div></div><h2>Is GoBank trustworthy'</h2><p>GoBank is a brand of Green Dot. The Better Business Bureau has given Green Dot an NR (No Rating) in trustworthiness, because it's investigating complaints about the company.</p><p>Are you uncomfortable keeping your money with GoBank because of its BBB rating' Consider opening a checking account at a bank with a strong BBB score, such as <a href="https://www.businessinsider.com/personal-finance/discover-bank-review" target="_blank" rel="noopener">Discover</a>, <a href="https://www.businessinsider.com/personal-finance/axos-bank-review" target="_blank" rel="noopener">Axos</a>, or <a href="https://www.businessinsider.com/personal-finance/capital-one-bank-review" target="_blank" rel="noopener">Capital One 360</a>.</p><h2>How GoBank compares to similar banks</h2><p>We've compared GoBank to two other online banking platforms that let you receive direct deposits early and deposit cash at Green Dot locations: Chime and Varo.</p><table style="height: 111px; width: 100%; border-collapse: collapse;" border="1" cellpadding="10px"><tbody><tr style="height: 45px;"><td style="width: 25%; text-align: center; height: 45px;"><img src="https://static3.businessinsider.com/image/5f860fb891aa9e001880b6e7-780/green-dot-bank.png" border="0" alt="green dot bank" data-mce-source="GoBank"></td><td style="width: 25%; text-align: center; height: 45px;"><strong><img src="https://static4.businessinsider.com/image/5f2b1a44aee6a81a2d55e482-200/chime-logo.png" border="0" alt="chime logo" data-mce-source="Chime"></strong></td><td style="width: 25%; text-align: center; height: 45px;"><img src="https://static3.businessinsider.com/image/5f0f0902f34d05689a35f4f7-370/varo-bank-logo.png" border="0" alt="Varo" data-mce-source="Varo"></td></tr><tr style="height: 22px;"><td style="width: 25%; text-align: center; height: 22px;"><p><strong>Accounts</strong></p><p>Checking</p></td><td style="width: 25%; text-align: center; height: 22px;"><p><strong>Accounts</strong></p><p>Checking, savings</p></td><td style="width: 25%; text-align: center; height: 22px;"><p><strong>Accounts</strong></p><p>Checking, savings</p></td></tr><tr style="height: 22px;"><td style="width: 25%; text-align: center; height: 22px;"><p><strong>Minimum opening deposits</strong></p><p>$20 - $500</p></td><td style="width: 25%; text-align: center; height: 22px;"><p><strong>Minimum opening deposits</strong></p><p>None</p></td><td style="width: 25%; text-align: center; height: 22px;"><p><strong>Minimum opening deposits</strong></p><p>None</p></td></tr><tr style="height: 22px;"><td style="width: 25%; text-align: center; height: 22px;"><p><strong>Monthly fees</strong></p><p>$8.95, or $0</p></td><td style="width: 25%; text-align: center; height: 22px;"><p><strong>Monthly fees</strong></p><p>None</p></td><td style="width: 25%; text-align: center; height: 22px;"><p><strong>Monthly fees</strong></p><p>None</p></td></tr><tr><td style="width: 25%; text-align: center;"><p><strong><bi-inline-shortcode id="commerce-link" contenteditable="false" data-fields="brand,name" data-customtext="Open an account" data-shouldlink="true" data-pid="5f3ae6662618b976c03ed092">GoBank GoBank Checking Account</bi-inline-shortcode></strong></p></td><td style="width: 25%; text-align: center;"><p><strong><bi-inline-shortcode id="commerce-link" contenteditable="false" data-fields="brand,name" data-customtext="Open an account" data-shouldlink="true" data-pid="5f2ae3395af6cc01d11fbfa6">Chime Chime Spending Account</bi-inline-shortcode></strong></p></td><td style="width: 25%; text-align: center;"><p><strong><bi-inline-shortcode id="commerce-link" contenteditable="false" data-fields="brand,name" data-customtext="Open an account" data-shouldlink="true" data-pid="5f2c6f6f5fa9a43c7d05f347">Varo Varo Checking Account</bi-inline-shortcode></strong></p></td></tr></tbody></table><h3>GoBank review vs. Chime review</h3><bi-shortcode id="related-article-module" class="mceNonEditable" data-type="5f231a9c58c24d7964367d67" data-title="Online banking platform Chime makes it easy to save automatically and provides your paycheck up to 2 days early" data-url="https://www.businessinsider.com/personal-finance/chime-bank-review" data-thumbnail="https://i.insider.com/5f28121b2618b93c4b33228c" data-shortcode-display-text="Related Article Module: Online banking platform Chime makes it easy to save automatically and provides your paycheck up to 2 days early"></bi-shortcode><p>You may prefer Chime if you want to open both a checking and savings account, because GoBank doesn't offer a savings account. But it's worth noting that you must open a <bi-inline-shortcode id="commerce-link" contenteditable="false" data-fields="name" data-customtext="" data-shouldlink="true" data-pid="5f2ae3395af6cc01d11fbfa6">Chime Spending Account</bi-inline-shortcode> before you can open a <bi-inline-shortcode id="commerce-link" contenteditable="false" data-fields="name" data-customtext="" data-shouldlink="true" data-pid="5f2afa9f28ea71112e1bf104">Chime Savings Account</bi-inline-shortcode>.</p><p>If you want overdraft protection, then you might like Chime. You can qualify to overdraw your account by up to $100 before Chime denies the purchase.</p><p>But if you like using paper checks, then you'll probably prefer GoBank. Chime doesn't send you paper checks.</p><h3>GoBank review vs. Varo review</h3><bi-shortcode id="related-article-module" class="mceNonEditable" data-type="5ffe24f5edadde3d874af882" data-title="Varo Bank review: Earn a high rate on your savings and receive your paycheck up to 2 days early" data-url="https://www.businessinsider.com/personal-finance/varo-bank-review" data-thumbnail="https://i.insider.com/6001ea2de3d62500185fcd79" data-shortcode-display-text="Related Article Module: Varo Bank review: Earn a high rate on your savings and receive your paycheck up to 2 days early"></bi-shortcode><p>You'll prefer Varo over GoBank if you're looking for a savings account. Not only does Varo have a savings account, but the <bi-inline-shortcode id="commerce-link" contenteditable="false" data-fields="name" data-customtext="" data-shouldlink="true" data-pid="5f0f0d225af6cc3a8b64c5b6">Varo Bank Savings Account</bi-inline-shortcode> pays one of the highest interest rates in the industry.</p><p>Varo lets you overdraw by up to $50 before it denies your purchase, but GoBank doesn't let you overdraw at all.</p><p>Varo doesn't send you a checkbook, though, so you'll probably like GoBank if you use paper checks.</p><bi-shortcode id="related-content-module" class="mceNonEditable" data-type="more-savings-coverage" data-sheetname="More Savings Coverage">Related Content Module: More Savings Coverage</bi-shortcode><p><a href="https://www.businessinsider.com/personal-finance/gobank-review#comments">Join the conversation about this story »</a></p>
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