The Green Dot Corporation is an American financial technology and bank holding company headquartered in Austin, Texas.
These products are available at nearly 100,000 retail stores[5] including CVS, Rite Aid, Walgreens, Dollar Tree; as well as discounted offerings at Meijer and Walmart.
Green Dot also transfers individuals' direct deposit funds (such as Social Security payments) from the US government to personal bank accounts.
The user can add more money to the card by paying cash at a retail store's point of sale, or in certain cases from their paycheck.
[citation needed] In the year 2004, I-GEN officially changed its name to Green Dot and launched the first cash-accepting network for reloading the debit cards.
[11] This move enabled Green Dot to issue its own prepaid debit cards directly through its banking subsidiary and provide related financial services, enhancing its control over product offerings and customer experience.
[19] On May 7, 2021, CNBC reported that "Green Dot, a fintech firm and biggest U.S. provider of prepaid debit cards, is moving its headquarters from Pasadena, California to Austin, Texas.
However, if the customer opts in to receive a personalized card, which is free of cost, in 7 to 10 business days it will arrive in mail with his or her name on it.
[25] RushCard is a personalized prepaid debit card offering early direct deposit, money management, and rewards.
[26] The card was founded in 2013, with co-founders such as Russell Simmons under the company UniRush LLC which was sold to Green Dot Corp. in a deal valued around $147 million.
As of December 2023, Green Dot has the following ratings: The majority of unfavorable reviews, listed in the sites above and other review sites, complain of Green Dot limiting access to a positive balance on the card, even though the funds have been added to the card with a cash purchase.
The majority of recent positive reviews on Consumer Affairs mention the convenience and speed of automatic direct deposits.