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In 2007, Green Dot raised $20 million in funding, [6] including Sequoia Capital as an investor. In 2008, Green Dot ceased to offer prepaid Discover cards. [7] On July 30, 2019, Green Dot launched the Unlimited Cash Back Bank Account, offering 3% cash back as well as a savings account offering 3% interest [8] known as the Unlimited cashback account.
Like many customers of Green Dot Bank, Texas resident Sheldon Ransom first encountered the online banking company through TurboTax, in the form of a stimulus check.
The bank also partners with the Green Dot Network to allow customers to deposit cash into their accounts at various retailers nationwide, such as 7-Eleven, CVS, Dollar General, Walgreens, Walmart ...
Streit founded Green Dot Corporation in Pasadena, California. Green Dot provides MasterCard and Visa debit cards to consumers who could not otherwise get an account from a traditional bank. In 2002, Rite Aid became the first large retailer to sell Green Dot cards. By 2010, over 50,000 retail stores sold Green Dot products. [9]
Santa Barbara Tax Products Group was established in 2010 upon the sale of the Tax Products Business Unit of Santa Barbara Bank & Trust (SBBT), [2] and was acquired by Green Dot Corporation in 2014. [3] [4]
Its products and brands include Green Dot brand reloadable prepaid debit cards, The Green Dot Reload Network, the Green Dot MoneyPak and GoBank. The Company's prepaid products and services are ...
Green Dot Bank, which partners with Walmart to provide digital banking services, said it has received a proposed consent order from the Federal Reserve over allegedly faulty consumer protection ...
Under the United States Bank Holding Company Act, financial and bank holding companies are regulated by the US Federal Reserve. [1] Companies whose elections to be treated as financial holding companies are effective include: