The table below shows the fees that apply to the Cash Back Visa^® Debit Card. The fee schedule below describes the fees associated with our accounts and services. We may offer additional products, services and features from time to time, and the fees for those offerings will be disclosed to you at the time they are offered. In addition to the fees listed below, there are some situations where a third party may charge additional fees. For example, when you use an ATM outside of our network, you may be charged a fee by the ATM operator in addition to our fee.

Most goods or services purchased online or through an app qualifies for cash back. See our separate FAQ for more information about what does not qualify.

To make it easy for you, we send a mobile notification whenever you make a qualifying online or mobile purchase. Plus, you can check the Cash Back Tracker in the Green Dot app.

Be aware that cash back is normally added to your cash back balance once your qualifying purchase transaction posts but could take up to 30 days.

Refer to your Account Agreement for more information.

Yes. 2% cash back payments made on qualifying purchases that resulted in returns, reversals, cancellations, or disputes will be subtracted from your cash back balance.

Prior to redeeming your cash back balance, all returns, credits, or refunds made by any online or app merchant to your account will be backed out of the accumulated 2% cash back payments for the prior year and deducted from the cash back balance.

Depositing cash to your Green Dot account has never been easier! With the new Cash Back Visa^® Debit Card, you can make cash deposits to your account using the Green Dot app at participating retailers. Or simply make cash deposits at the register of 90K+ retailers nationwide. You can also have family or friends add cash to your account using MoneyPak^® - learn more here.
Log into the app and click “Deposit” or Visit GreenDot.com/Deposit for all the ways you can deposit cash to your account including bank transfers and mobile check deposits.

To be eligible, your account must be in good standing. To maintain your account in good standing for the purposes of being eligible to earn and redeem your 2% cash back, you must have a positive balance and your account must not be blocked. Refer to your Account Agreement for more information.

No, a Cash Back Visa^® Debit Card can’t help improve your credit because the account does not have a credit line attached to it like a credit card. But a Cash Back Visa^® Debit Card from Green Dot can be very helpful for money management.

Redeem the cash back starting on the anniversary of your account registration date.

• At that time, you can move the money into your available account balance. Then you can spend it or transfer it into your High-Yield Savings Account to earn interest. Remember, there are no additional fees to use the High-Yield Savings Account.
• Prior to redeeming your annual cash back, all returns, credits or refunds made by any online or app merchant to the cash back bank account will be deducted from the accumulated cash back balance from the prior year.
• Your account must be in good standing in order to redeem the accumulated balance. To maintain your account in good standing for the purposes of being eligible to redeem your annual cash back, you must have a positive balance and your account must not be blocked or flagged for fraud or notated for some other reason that makes the account unusable. If the account has a zero or negative balance, you’ll be required to bring the account to a positive balance in order to redeem the cash back.

Refer to your Account Agreement for more information.

2% cash back earned on transactions usually update after a qualifying transaction has successfully posted but could take up to 30 days. Refer to your Account Agreement for more information.

There is no limit!

The date you register your card is the registration date.

Your Green Dot debit card can be used as either a debit or credit transaction. Debit transactions will require a Personal Identification Number (PIN), so only use this option if you already have a PIN set up.

Only the Cash Back Visa^® Debit Card is eligible for the 2% cash back.

Green Dot will pay a 2% cash back on purchases of actual goods or services. The following transactions don’t qualify:

• Airline purchases,
• Quasi-cash transactions (i.e. purchase of items that convert to or substitute for cash, such as digital wallets, person-to-person transactions, casino chips or transactions at online gaming sites, travelers’ checks, lottery tickets, etc.),
• Use of your debit card to purchase gift cards or for funding another card or account,
• Bill payments, either using your debit card or using our online bill pay service,
• Transferring funds from your debit card or bank account to another bank account or credit card account, and
• Transactions conducted at www.greendot.com or our mobile application (such as online bill payments or person-to-person transfers).

Without regard to the items specifically mentioned in these rules, Green Dot reserves the right to close any accounts at any point prior to or after the anniversary of the account if, in its sole discretion, the use of the account appears abnormal or for the purpose of gaming the program.

See your Account Agreement for more information.

Upon successful completion of registration of your Cash Back Visa^® Debit Card, you can use your card to make purchases everywhere Visa^® debit is accepted in the U.S.

Your Cash Back Visa^® Debit Card comes with a variety of mobile banking features including mobile check deposit, online bill pay, free cash deposits using the Green Dot app and sending money to another Green Dot account. Plus, set up your new Cash Back Visa^® Debit Card on your phone to use with Apple Pay, Google Pay or Samsung Pay so you can “tap and spend” (where mobile payments are accepted) and also easily make mobile purchases (where Apple Pay, Google Pay or Samsung Pay are accepted). Of course, you can always use your physical Cash Back Visa® Debit Card at stores and ATMs where Visa^® Debit is accepted!

1. Register the card you purchased at a store so that it’s registered and ready for use by following the instructions located on the card sticker.

2. Download the Green Dot app. You can sign into the app using the login details you created when you registered the account.

3. Deposit money to your account to start using the card and earning 2% cash back. Click on the “DEPOSIT” button in the app or visit GreenDot.com to see all the ways to make a deposit.

4. Make your new card the “default payment card on file” for all your online and app accounts, like Uber, Amazon, Walmart.com, GrubHub, Netflix, InstaCart, Wish, and Etsy!

Important: You aren’t eligible to participate in the cash back program if we’re unable to verify your identity.

You can send money to anyone in the U.S. with a Green Dot account as long as you have a valid email address or mobile phone number for the recipient.

1. Log in and navigate to Pay, then select Send Money.

2. Enter the recipient’s name, email address or mobile phone number, memo, and the amount to send.

3. Hit “Next” to review the information before selecting “Send Money” to complete the transaction.

Introducing the new Cash Back Visa® Debit Card. With this debit card, you can earn 2% cash back on qualifying online and mobile purchases, plus earn 2% interest (APY) on money in the High-Yield Savings Account up to a $10,000 balance – that’s an Annual Percentage Yield 20x higher than the national average! ^*

You will also enjoy:

• No bank transfer fees. Plus, there are ways to get other fees waived (see below for details)
• Free cash deposits using the Green Dot app at participating retailers
• Free in-network ATMs nationwide
• Early payday with ASAP Direct Deposit^™

^*Claim the cash back bonus after 12 months of use and your account being in good standing.

Interest paid on money in Savings Account every 12 months based on the average daily balance of the prior 365 days, up to a maximum balance of $10,000. Annual Percentage Yields (APYs) are accurate as of 8/1/20 and may change before or after you open an account. See Account Agreement for fees, terms and conditions. The average national savings account interest rate of 0.06% is determined by the FDIC as of May 11, 2020. 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. Savings account rates are based on the $2,500 product tier. Visit https://www.fdic.gov/regulations/resources/rates/ to learn more.

Free cash deposit using our app at participating retailers. See app for free ATM locations. Direct Deposit early availability depends on timing of payor’s payment instructions and fraud prevention restrictions may apply. As such, the availability or timing of early direct deposit may vary from pay period to pay period. Make sure the name and social security number on file with your employer or benefits provider matches what’s on your Green Dot account exactly. We will not be able to deposit your payment if we are unable to match recipients.

After activating your Cash Back Visa^® Debit Card and setting up direct deposit, you may be eligible to receive your pay up to 2 days early or government benefits up to 4 days before benefits day (subject to deposit verification and depending on your payment provider’s process and timing).

Some employers and benefits providers send payment instructions ahead of the actual payday. If they do, we’ll credit the amount to your account when we receive payment instructions (instead of waiting for the actual payday) so you can enjoy your money sooner. However, it’s important to note that if and how early your deposit can be posted to your account is completely dependent on when the employer or benefits provider sends us the payment instructions and fraud restrictions may apply. As such, the availability or timing of early direct deposit may vary from pay period to pay period. Make sure the name and social security number on file with your employer or benefits provider matches what’s on your Green Dot account exactly. Green Dot will not be able to deposit your payment if we are unable to match recipients.

The card you purchased at a store is a temporary card and is not personalized with your name nor has your address associated with the account. When you register your card, we verify your identity and a new card personalized with your name will be sent in the mail. When your personalized card arrives in the mail, activation, online access, and a mobile number are required to access all features that the account offers. For instance, when you activate your Cash Back Visa® Debit Card, you’ll be able to deposit checks or add cash using the Green Dot app, pay bills, order paper checks and more!

Overdraft protection allows you to make purchase transactions that exceed your available balance. ATM withdrawals, bill payments made within the app and sending money to others are not covered by overdraft protection. You must opt in to overdraft protection to be covered. A $15 fee may apply. See FAQ about fees for more information.

Overdraft protection currently available on Cash Back Visa Debit Card and 5% Cash Back Visa Debit Card.

Green Dot accountholders who receive a single direct deposit of any amount are eligible for Basic overdraft protection coverage. Additional levels of protection are available for those receiving at least two direct deposits totaling $200+ or $400+ over a rolling 35-day period. You must opt in to overdraft protection to receive coverage at any level of protection.

Overdraft protection currently available on Cash Back Visa Debit Card and 5% Cash Back Visa Debit Card.

If you choose to receive notifications for the overdraft protection feature in the app, you could be notified by SMS, email or push notification. Or, you can find out by logging in to the Green Dot app or GreenDot.com/Overdraft.

Message and data rates may apply.

Overdraft protection currently available on Cash Back Visa Debit Card and 5% Cash Back Visa Debit Card.

Each transaction that is greater than $5 and overdraws your account by more than $10, up to a maximum of five overdraft fees per monthly statement period, is eligible for fees.

Overdraft protection currently available on Cash Back Visa Debit Card and 5% Cash Back Visa Debit Card.

Once you opt in to overdraft protection, purchase transactions are covered by overdraft protection. Cash withdrawals, paying bills within the app and sending money to others are NOT covered. 

Overdraft protection currently available on Cash Back Visa Debit Card and 5% Cash Back Visa Debit Card.

Yes. As long as you maintain the required direct deposits, and your account remains in good standing, you are still eligible for your existing coverage. Your coverage is automatically adjusted based on your direct deposits.

Payments of overdrafts are discretionary. If you have too many overdrafts in a billing period your protection may be suspended.

Overdraft protection currently available on Cash Back Visa Debit Card and 5% Cash Back Visa Debit Card.

There are two ways to opt in to overdraft protection once eligible - the Green Dot app or GreenDot.com

1) Green Dot app

• Log into your account
• Select OVERDRAFT PROTECTION on the home screen
• Tap the OPT IN ENABLE button
• After reviewing the Overdraft Protection Agreement, tap the AGREE and OPT IN button to opt in to overdraft protection.

Or

2) Green Dot.com

• Log into your account
• Go to the OVERDRAFT PROTECTION block on the home screen
• Select OPT IN TO ENABLE
• After reviewing the Overdraft Protection Agreement, click AGREE AND OPT IN to opt in to overdraft protection.

Overdraft protection currently available on Cash Back Visa Debit Card and 5% Cash Back Visa Debit Card.

Yes. You can opt out at any time by logging in to the Green Dot app or Green Dot.com and navigating to OVERDRAFT COVERAGE. However, any pending purchase transactions may still take the account below $0 and result in an overdraft fee.

No overdraft fee will be assessed in connection with any overdraft transaction if your account is returned to a $0 or positive balance within 24 hours after the first transaction greater than $5 that overdraws your account by more than $10.

Payment of overdrafts is discretionary. Account must be in good standing and debit card activated to be eligible. Overdraft fees may not count towards overdraft protection limit and may cause account to be overdrawn by amount greater than overdraft protection limits specified above.

Overdraft protection currently available on Cash Back Visa Debit Card and 5% Cash Back Visa Debit Card.

There are two ways to opt out of overdraft protection coverage: the Green Dot app or GreenDot.com

1) Green Dot app

• Log into your account
• Select OVERDRAFT PROTECTION on the home screen
• Tap the  three dots "..." in the upper right corner
• Tap OPT OUT OF OVERDRAFT PROTECTION
• Tap OPT OUT

Or

2) GreenDot.com

• Log into your account
• Select the OVERDRAFT PROTECTION tab in the top navigation on the home screen
• Select the three dots "..." in the upper right corner
• Select OPT OUT OF OVERDRAFT PROTECTION
• Select OPT OUT

Overdraft protection currently available on Cash Back Visa Debit Card and 5% Cash Back Visa Debit Card.

Yes. There are no fees for overdraft protection with Basic coverage. There are no fees for transactions of $5 or less and no fee for transactions that overdraft your account balance up to $10 with Premium 100 and Premium 200 coverage.

No overdraft fee will be assessed in connection with any overdraft transaction if your account is returned to a $0 or positive balance within 24 hours after the first transaction greater than $5 that overdraws your account by more than $10.

Payment of overdrafts is discretionary. Account must be in good standing and debit card activated to be eligible. Overdraft fees may not count towards overdraft protection limit and may cause account to be overdrawn by amount greater than overdraft protection limits specified above.

Overdraft protection currently available on Cash Back Visa Debit Card and 5% Cash Back Visa Debit Card.

Depending on your overdraft protection coverage, a $15 fee per overdraft may be charged. No overdraft fee will be assessed in connection with any overdraft transaction if your account is returned to a $0 or positive balance within 24 hours after the first transaction greater than $5 that overdraws your account by more than $10.

Payment of overdrafts is discretionary. Account must be in good standing and debit card activated to be eligible. Overdraft fees may not count towards overdraft protection limit and may cause account to be overdrawn by amount greater than overdraft protection limits specified above.

Overdraft protection currently available on Cash Back Visa Debit Card and 5% Cash Back Visa Debit Card.

There are 3 different levels of overdraft protection coverage, based on how much you direct deposit.

BASIC
Benefit: You’re covered if you overspend your account balance by $10 without fees
Eligibility: At least one direct deposit in any amount
Fees*: $0

PREMIUM 100
Benefit: You’re covered if you overspend your account balance by $100
Eligibility: At least two direct deposits in previous 35 days totaling $200 or more
Fees*: $15 fee per overdraft may apply if account balance is not brought to at least $0 within 24 hours

PREMIUM 200
Benefit: You’re covered if you overspend your account balance by $200
Eligibility: At least two direct deposits in previous 35 days totaling $400 or more
Fees*: $15 fee per overdraft may apply if account balance is not brought to at least $0 within 24 hours

Learn more about overdraft protection

* Payment of overdrafts is discretionary. Account must be in good standing and debit card activated to be eligible. Overdraft fees may not count towards overdraft protection limit and may cause account to be overdrawn by amount greater than overdraft protection limits specified above.                               

Overdraft protection currently available on Cash Back Visa Debit Card and 5% Cash Back Visa Debit Card.

The High-Yield Savings Account is ONLY available with the Cash Back Visa^® Debit Card. In order to access the High-Yield Savings Account and earn a 2% Annual Percentage Yield on deposits up to a maximum $10,000 balance, you must purchase and register a Cash Back Visa^® Debit Card.

• Interest is paid on money in the FDIC-insured High-Yield Savings Account every 12 months based on the average daily available balance of the prior 365 days, up to a maximum balance of $10,000.
• On each account anniversary date, the calculated annual interest will be automatically added to your High-Yield Savings Account,
• Savings Account Annual Percentage Yield of 2% is accurate as of 8/1/20, may change anytime.
• Your account must be in good standing in order to receive the 2% annual interest. To maintain your account in good standing for the purposes of being eligible to receive the 2% annual interest, you must have a positive balance and your account must not be blocked or flagged for fraud or notated for some other reason that makes the account unusable. If the account has a zero or negative balance, you’ll be required to bring the account to a positive balance in order to receive the 2% annual interest. The interest earned on your savings account will be credited within 30 days of bringing your checking account to a positive balance.​

Money in your High-Yield Savings Account cannot be spent on purchases or cash withdrawals. You can move funds in and out of your Savings Account to your Cash Back Debit Card account balance as often as you like, subject to security limits. There are no additional fees to use the High-Yield Savings Account.

Refer to your Account Agreement for more information.

Money in your High-Yield Savings Account can’t be spent on purchases or cash withdrawals. To access and spend the money you have set aside, simply transfer it from your High-Yield Savings Account to your Cash Back Visa^® Debit Card by using the Green Dot app or logging into your account at GreenDot.com. Money in your High-Yield Savings Account will be unavailable to spend on purchases or cash withdrawals until you transfer it to your Cash Back Debit Card account balance.

Log into your account using the Green Dot app or GreenDot.com to view the money in your High-Yield Savings account or move money in and out of your High-Yield Savings Account to your Cash Back Debit Card account balance.

Don’t have the mobile app? Download it for iOS and Android devices.

There are no fees associated with using the High-Yield Savings Account.

The Green Dot High-Yield Savings Account is a FREE feature that allows you to save up for a rainy day or a specific goal.

• Interest is paid on money in the FDIC-insured High-Yield Savings Account every 12 months based on the average daily available balance of the prior 365 days, up to a maximum balance of $10,000.
• On each account anniversary date, the calculated annual interest will be automatically added to your High-Yield Savings Account,
• Savings Account Annual Percentage Yield of 2% is accurate as of 8/1/20, may change anytime.

Money in your High-Yield Savings Account cannot be spent on purchases or cash withdrawals. You can move funds in and out of your High-Yield Savings Account to your Cash Back Debit Card account balance as often as you like, subject to security limits. There are no additional fees to use the High-Yield Savings Account.

See your Account Agreement for more information.

To access your 1099-INT form please follow the instructions below.

Please note that a 1099-INT form will not be posted to your account if the amount of earned interest is less than $10.00.

From the Green Dot app:

(1) Log into your account
(2) Tap “Settings”
(3) In the “Settings” menu Tap “1099 forms”
(4) Choose the form for the tax year in which you require a record
(5) Tap the share icon    and choose how to save a copy of your 1099-INT from there: print, save locally, save to a drobox, e-mail, etc.  

From GreenDot.com:

(1) Log into your account
(2) Scroll to the “Support” menu and scroll to “Account Settings”
(3) Click “1099 forms”
(4) Choose the form for the tax year in which you require a record
(5) Once your form is visible, click “Download” to save the form 

The 1099-INT tax form is provided to you as a record of interest paid on your account(s). You will use the 1099-INT form in preparation of your personal income taxes.The form contains your social security number and other sensitive data; please use caution when sharing this document. We recommend you keep this form in a safe place and access it from a private computer.

You can expect your form to be available by the end of January. Please note that the forms will not be mailed.

The Internal Revenue Code outlines the rules for taxation of interest income. The IRS considers most interest that’s paid to you to be taxable income.

If you have taxable interest from a savings account, this would be reported on Form 1099-INT. All Green Dot account holders that earn at least $10 in interest in their High-Yield Savings Account during the calendar year are issued a 1099-INT. 

Yes, you will still be able to access your 1099-INT. Log in to your account on GreenDot.com or using the app and follow the instructions above.