What is Green Dot? Green Dot Review, Features

Founded in 1999, Green Dot is a financial technology giant from Austin, USA, providing retail financial services to businesses and fund management solutions to consumers.

About Green Dot

• Founded in 1999 and headquartered in Austin, Texas, Green Dot now offers a flexible remote work environment and culture to most of its U.S. employees. The Green Dot network offers more than 90,000 retail distribution points nationwide, which exceeds the combined total of all remaining bank branches in the country, allowing it to operate primarily as a "branchless bank." Green Dot Bank, Member FDIC, is a subsidiary of Green Dot Corporation.

• Green Dot is a financial technology and bank holding company dedicated to providing seamless, economical and confident banking services to individuals and businesses. It initially aimed to provide teenagers with prepaid debit cards for online shopping, and later expanded the financial services ecosystem through acquisitions or partnerships to become a comprehensive financial services platform.

• Green Dot operates on a cloud-based technology platform, building simple, secure and helpful financial tools and experiences for customers, and represents a growing list of innovative and respected partners including Apple, Intuit, Walmart, Amazon, CVS Pharmacy and many others.
  To date, Green Dot has managed 67 million accounts and provides consumers and businesses with a broad range of financial services, including debit, check, credit, prepaid and employer payroll cards, as well as robust currency processing services, tax refunds, cash deposits, payouts, etc. The company's Banking Platform as a Service (or "BaaS") division enables world-class partners to embed and deploy powerful, customized, scalable banking solutions designed to increase customer engagement, trust, loyalty and value.

Green Dot Company Business

Green Dot has two main businesses: one is to provide personal banking services to individual users, and the other is to provide business solutions to corporate users.

Personal Banking Services

1. Multiple debit cards

Green Dot offers four types of debit cards, and users can apply for the most suitable debit card based on their own circumstances.

2. Mobile Banking App

Mobile banking provides customers with seamless and smart banking services.

3. Deposits

Green Dot offers six deposit methods: early direct deposit, retail cash deposit, bank transfer, purchase of rechargeable MoneyPak cards, check cashing, and Walmart check redemption.

4. Remittance and bill payment

Provides P2P, online bill payment, credit card bill payment and personalized check services.

Business Solutions

Green Dot provides enterprises with mature fintech banking solutions and is the only platform that provides integrated banking, program management and enterprise-level APIs. It mainly provides three services:

1. Banking services

Green Dot provides innovative solutions for many companies. For example, for Wealthfront, an investment and financial management company, Green Dot's customized solutions include adding check functions and Wealthfront debit cards, integrating consumption, savings, and investment to provide users with a seamless experience. For users, users can manage savings and spending in the application; transfer funds from Wealthfront to a Wealthfront cash account; open an account online in a few minutes with only $1, with no additional deposit requirements; order a Wealthfront-branded debit card directly through the application; and deposit cash into a Wealthfront cash account by swiping the card. For Wealthfront, APIs enable digital currencies to flow in and out of multiple accounts; issue debit cards to customers; and manage projects including identity verification, risk prevention, and customer service.

2. Payroll services

Green Dot supports employers in making payroll payments. Users can enjoy multiple options on one platform, including instant issuance of new bank accounts or reloadable debit cards, as well as instant payments to existing bank accounts and reloadable debit cards. In addition, the service offers the flexibility of "pay as you go" and can be topped up as needed.

3. Tax solutions

Using Green Dot's TPG service provides a hassle-free tax filing environment for tax professionals and tax return returners.