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GO2bank review

Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

GO2bank suits US savers who want interest on an easy access balance and can live with a monthly charge for the account. Deposits sit under FDIC up to USD 250,000, money can be reached instantly in the app with no withdrawal penalties, and interest is paid quarterly.

Key facts

Best for
Easy access saving with a $0 minimum deposit and interest credited quarterly.
Monthly fee
$5↗
Deposit protection
FDIC up to USD 250,000↗
Currency conversion fee
3%↗
Local account details
Us-ACH
Free ATM withdrawals
$0↗
Transfer fee
$0 from a linked bank account; 3% (min $2.00) from a linked debit card; 1.75% external funding (min $0.49, max $25)↗
Legal entity
Green Dot Bank↗
Headquarters
United States↗
Support channels
Chat, Phone, Help-centre↗
Pricing model
No monthly fee
Features
Free ATM withdrawals, Digital-only
Official website
go2bank.com

Savings

Headline rate
4.5%↗
Rate type
Variable↗
Minimum deposit
$0↗
Access terms
Instant access in the app at any time, no penalties, interest paid quarterly↗
Account kind
Easy access↗

Facts checked September 26, 2026, 5 sources

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
WikidataXLinkedInfacebook.com

Pros and cons

Pros

  • The account runs through Green Dot Bank and deposits are covered by FDIC up to USD 250,000.
  • In-network ATM withdrawals cost $0, with free ATM access listed under free atm and digital only.
  • Support covers chat, phone and help centre, including phone and chat.
  • Payments use us ach, so US income and bills fit the account.

Cons

  • A monthly fee of $5 applies, where the site median is €0.
  • Currency conversion costs 3% against a 0.5% site median.
  • It is a digital only service under free atm and digital only, so there is no branch counter.
GO2bank

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Scored 8.5 / 10 by VaultCue.

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Who it suits

  • US savers who want a variable rate with instant app access and no withdrawal penalties.
  • People who take cash out often, since in-network ATM withdrawals cost $0.
  • Customers happy to work through the app and reach help on chat, phone and help centre.

Who should look elsewhere

  • Anyone wanting a free account: GO2bank charges $5 a month, while Varo Visa Debit Card lists a monthly fee of $0.
  • People outside the US, since this is a US account built on us ach; Crezu ES lists a monthly fee of €0.
  • Frequent overseas spenders facing a conversion fee of 3%, where Bit2Me lists a monthly fee of €0.

Fees and currency costs

On the easy access savings account the monthly fee is $5. Currency conversion costs 3%, which is the main cost to watch for anyone spending abroad. Transfers vary by source: free from a linked bank account, a percentage charge with a minimum from a linked debit card, and a capped percentage charge on external funding. Linking a bank account keeps funding free.

How GO2bank compares

Where GO2bank is available

Available
United States
Licence in United States
NMLS (908739), checked September 26, 2026
Licence in United States
FDIC, checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does GO2bank cost to keep each month?+

The account carries a monthly fee of $5 for as long as it stays open. Most accounts listed sit at a €0 monthly fee, so this is a paid option rather than a free one. Funding adds more: card transfers carry a percentage charge with a minimum, while funding from a linked bank account costs nothing.

Is my money safe and who runs the account?+

Deposits are covered by FDIC up to USD 250,000. The account is operated by Green Dot Bank in the US, is registered with the NMLS under 908739, and carries the FDIC as a regulator alongside the NMLS. The balance therefore sits with a US bank rather than an e-money wallet.

What interest do I earn and can I take money out?+

The headline rate is 4.5% and it is variable, so it can move over time. Access is instant in the app at any time, there are no withdrawal penalties, and interest is paid quarterly. The account kind is easy access, so nothing is locked away for a fixed term.

How much do I need to open the account?+

The minimum deposit is $0, so opening costs nothing and the balance can start small. Because the account is easy access, the money stays reachable rather than being tied up, and deposit protection of FDIC up to USD 250,000 applies to what you hold from the start.

What does it cost to convert currency?+

Converting currency costs 3%, which sits above the 0.5% site median for conversion fees. That makes heavy overseas spending expensive here, and a single trip can cost more in conversion than the €0 monthly fee charged by many alternatives.

Are ATM withdrawals free?+

In-network ATM withdrawals cost $0, and free atm and digital only records free ATM access alongside a digital only service. Cash is available without visiting a branch, but every part of the account runs through the app, so it suits people already comfortable with mobile banking.

How do I get help if something goes wrong?+

Support runs on chat, phone and help centre, so you can reach someone by phone, by chat or through the help centre. Email is not among the listed channels. The account is run in the US by Green Dot Bank, which shapes the paperwork needed for any claim or dispute.

Sources

  • go2bank.com checked September 26, 2026

    Backs: Deposit protection, Licences

  • go2bank.com/about-us checked September 26, 2026

    Backs: Legal entity

    “GO2bank is a mobile banking product of Green Dot Corporation and a tradename of Green Dot Bank”

  • go2bank.com/help/contact-us checked September 26, 2026

    Backs: Headquarters, Support channels

    “Mail us: GO2bank P.O. Box 1070, West Chester, OH 45071”

  • go2bank.com/help/top_questions/free-services-and-fees checked September 26, 2026

    Backs: Free ATM withdrawals, Features, Currency conversion fee, Monthly fee, Transfer fee

    “In-network ATM withdrawal or balance inquiry: $0”

  • go2bank.com/features/save-money checked September 26, 2026

    Backs: Access terms, Account kind, Headline rate, Minimum deposit, Rate type

    “You can move money from savings anytime using the GO2bank app. Your GO2bank savings account stays open with no penalties.”

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Licence type, Currencies.

GO2bank

GO2bank

Easy access saving with a $0 minimum deposit and interest credited quarterly.

8.5/10See alternatives