Also, if you received a paper check for the first payment, you might get a debit card this time. While GO2bank is not free, it's less expensive than some of the other non-bank alternatives. ), Even if you have poor credit (FICO scores of 629 or lower), it wont be a hindrance to getting the card, and there wont be a, Explore credit cards with no credit check, However, if earning rewards is a priority for you, other secured cards do offer them. There's . A $15 fee may apply to each eligible purchase transaction that brings your account negative. Funto Omojola is an auto loans writer at NerdWallet. All referral rewards will be reported on form 1099-INT to the IRS. Get your government benefits up to 4 days early. Overdraft fees may cause your account to be overdrawn by an amount that is greater than your overdraft coverage. For example, the $0-annual-fee Discover it Secured Credit Card earns 2% back at gas stations and restaurants on up to $1,000 in combined purchases every quarter, and 1% back on all other spending. balance for APY. It might be the second stimulus check payment you've been waiting for just in the form of a prepaid debit card. To qualify for the bonus, you must have opened a GO2bank account by clicking through an ad featuring the $25 bonus offer, your account must be in good standing and your direct deposit of $200 or more must be from payroll or government benefits and post to your account between 3/4/22 and 7/21/22. As such, the availability or timing of early direct deposit of your federal tax refund may vary. All checks are subject to approval for funding in Ingo Money's sole discretion. App Store is a service mark of Apple Inc. Google, Android and Google Play are trademarks of Google Inc., registered in the U.S. and other countries. While online, your personal information is constantly exposed to bad actors. Otherwise $5 per month. The Key Private Bank offices in Naples, Ft. Myers and Palm Beach Gardens have returned to normal business hours from 9 a.m. to 4 p.m. Monday through Friday. What Is Metabank, and Why Is It in Charge of Stimulus Check Debit Cards. Rocky holds a law degree from the University of Connecticut and a B.A. You might be one of the approximately 8 million Americans who finds a debit card in their mailbox soon. It can be used to withdraw cash from an ATM, transfer funds to a bank account, issue a check, or make purchases . Recipients can also use their EIP Card to get cash by using an ATM or put the funds into a bank account for free. 2017-2023 and TM, NerdWallet, Inc. All Rights Reserved. With responsible card use, you can build your credit history and may be able to upgrade your account to a better product from the issuer, like the, Capital One Quicksilver Cash Rewards Credit Card, You can weigh these options against the competition by visiting NerdWallet's roundup of. Follow Kiplinger for the latest news and insights on federal stimulus payments (and other important personal-finance matters). Referred individual acknowledges that payment of the reward will result in the referring GO2bank accountholder's knowledge of the individual's new Account. Offer not valid on GO2bank Debit Cards purchased in retail stores. By clicking Sign up, you agree to receive marketing emails from Insider 2 0 comments Best Add a Comment More posts you may like r/YouTube_startups Join 2 yr. ago Moneygram Remission - scam or legit case? The name and Social Security number on file with the Internal Revenue Service must match your GO2bank account exactly or we will decline your deposit.. There are also income limits. A handful of states don't impose a sales tax, but that doesn't necessarily make them the best states for low taxes. This will avoid a pre-authorization charge. Otherwise, $5 per month. Tanza joined Business Insider in June 2015 and is an alumna of Elon University, where she studied journalism and Italian. Please write in the comments if you also receive a Go2Bank card in the mail! If you open an account by getting a GO2bank debit card in a store, then there is a purchase fee and an initial deposit of $20 - $500 required. Deposits under any of these trade names are deposits with Green Dot Bank and are aggregated for deposit Opinions expressed on this site are the author's alone, not those of a third-party entity, and have not been reviewed, approved, or otherwise endorsed. Some other businesses such as hotels, car rental companies and restaurants may also impose pre-authorization charges. (Select "yes" when asked if you want cash back.). Answer: Yes, your EIP Card can be used to make recurring payments. Offer not transferrable to other accounts or accountholders. Service may not be available in all markets. Additional criteria may apply which can affect your eligibility and your overdraft coverage. 2023 GO2bank. The debit cards, formally called EIP Cards, will arrive in white envelopes emblazoned with the Department of the Treasury seal. As such, early direct deposit availability may vary from pay period to pay period. Otherwise $5 per month. Answer: No. Go2Bank is a legit company, its not a scam. GO2bank aims to serve people who don't have a checking or savings account, which was about 5.4% of households in 2019. Her work has been featured in MarketWatch, Yahoo Finance and Nasdaq. MORE: Cant get a credit card? Read our editorial standards. Mobile number verification, email address verification and mobile app are required to access all features. MORE: Explore credit cards with no credit check. When? Kiplingers Best Firms for Customer Service: Banks, Credit Cards and More. The card does require a $200 minimum deposit to open an account, which is higher than that of the GO2bank Secured Credit Card. They function like any other prepaid debit card. You'll need the routing and account number for your bank account. Try these alternative options, 2. On the other hand, you won't have to pay interest or build up debt, either. National rates are calculated based on a simple average of rates paid (uses annual percentage yield) by all insured depository institutions and branches for which data are available. Question: How can I check the balance of my account? The money does not expire. Taxes on military retirement pay vary from state-to-state. NerdWallet strives to keep its information accurate and up to date. See Deposit Account Agreement (PDF) for details. Question: Can I specifically ask the IRS to send may stimulus payment to me on a debit card? Savings account rates are based on the $2,500 product tier of insured depository institutions for which data is available. Topic B: Claiming the Recovery Rebate Credit if you aren't required to file a 2021 tax return. on them. People in all 50 states as well as Washington, D.C., are getting EIP Cards, especially those who live in the western U.S. Build your credit with the GO2bank Secured Visa, Annual Percentage Rate is 22.99% and is accurate as of 12/1/2022. 5.0. Activated, chip-enabled debit card required to use Ingo Money check cashing service. I agree to Money's Terms of Use and Privacy Notice and consent to the processing of my personal information. These owners are not affiliated with GO2bank and have not sponsored or endorsed GO2bank products or services. Activate your card Call the activation number on the card mailer or the customer service number on the back of your card. Many taxpayers know that October 17 is the due date for filing an extended tax return, but there are other tax deadlines on this date. If your card has more than one name on it, only the first person listed (i.e., the primary cardholder) can activate the card. For more information, check the cardholder agreement at EIPCard.com (opens in new tab). Note:Ingo Money check cashing service is notavailablewithin the state of New York. eGift Card merchants subject to change. I know that many people assume that Go2Bank prepaid card is the card with Stimulus Money in it, but its not true.Because what is Go2Bank? Sweepstakes starts 12/1/22 ends 4/30/23, subject to Entry Periods as outlined in the full Official Rules available at go2bank.com/win500. Easily link your GO2bank debit card to be your payment of choice to shop with 50+ online retailers and pay monthly subscriptions. You should then call customer service at 800-240-8100 and report the loss or theft of your card right away. In this case, a minimum deposit of $100 from your GO2bank deposit account is required when youre approved for the card. And perhaps most confusingly, the card inside is issued by a company called MetaBank, N.A. Balance must be brought to at least $0 within 24 hours of authorization of the first transaction that overdraws your account to avoid a fee. NO PURCHASE NECESSARY. St. Patrick's Day is the day when the green from those latest stimulus payments will actually flow into many savings and . To verify or change your billing address, log in to your account at EIPCard.com (opens in new tab) and click on "My Profile. Ingo Money reserves the right to recover losses resulting from illegal or fraudulent use of the Ingo Money Service. Additional criteria may apply which can affect your eligibility and your overdraft coverage. See GO2bank Deposit Account Agreement (PDF) and GO2bank Secured Credit Cardholder Agreement and Security Agreement (PDF) for fees, terms and conditions. I guess you didnt sign up for it, so its kind of a surprise. Watch this review before activating the card that you got in mail! Will College Students Get a Second Stimulus Check? Must be a legal permanent resident of the 50 U.S. or D.C. (excl. Free phone requires payment of $100 for first two months of service, plus shipping. ** Activated, chip-enabled debit card required to purchase eGift Cards. Except in rare and limited situations, no government agency, including the IRS, will have access to information about your EIP Card activities. ** This means that even if your credit score has improved, you won't be able to, Depending on your credit score, you can apply for a card with another issuer, but then you're left with the somewhat difficult choice of whether to close your GO2bank Secured Credit Card. Here is a list of our partners. Territories and Possessions) & 18 or older to enter. retirement The IRS is sending some second stimulus check payments on prepaid debit cards. In today's top news in digital-first banking, California FinTech Green Dot is rolling out the GO2bank mobile banking to help cash-strapped individuals, while stimulus checks are reportedly . Mobile number verification, email address verification and mobile app are required to access all features. Activated, chip-enabled debit card required to purchase eGift Cards. Additional criteria may apply which can affect your eligibility and your overdraft coverage. Unfortunately, though, GO2bank doesnt offer any upgrade options for cardholders. Go2 bank has no protection and is making it easy for scammers to open an account with no special info needed. We may be compensated if you click this ad. Easily apply after eligible direct deposit. over time with responsible use of the GO2bank Secured Visa, Online access, mobile number verification (via text message) and identity verification (including SSN) are required to open and use your account. Activated, chip-enabled debit card required to purchase eGift Cards. Click below to get the protection you deserve. Approval usually takes 3 to 5 minutes but can take up to one hour. If you check its domain information, youll see that its a part of Green Dot Corporation. Green Dot has serviced more than 33 million consumers directly over the last 22 years, and many millions more through our banking partners. Otherwise $5 per month. When on a mobile device, click on * to view disclosures. Download a GO2bank direct deposit form and fill in your info. and Ingo Money, Inc., subject to the First Century Bank and Ingo MoneyTerms & ConditionsandPrivacy Policy. Prize: $1,000 to be awarded as credit or a check. By David Muhlbaum If asked, make sure you use the correct billing address for your debit card account. Visithttps://www.fdic.gov/regulations/resources/rates/to learn more. 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Our banking partners view disclosures Metabank, and Why is it in Charge stimulus. Card right away from pay period to pay period your EIP card to get by. Check payment you 've been waiting for just in the referring GO2bank 's.