Founded in 1999, Green Dot Bank is a subsidiary of Texas-based Green Dot Corporation, a financial technology, and bank holding company. An online-only bank, Green Dot offers an extremely limited selection of services.
It offers a high-yield savings account with a competitive APY, but in order to access this savings account, customers are required to open a cash-back Visa debit card with Green Dot. The bank also offers a few other Visa card accounts with deposit features. However, its accounts come with a long list of fees and those in search of a full-service bank will not have many options with Green Dot Bank.
