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Green Dot Bank DBA Bonneville Bank Review

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Green Dot Bank DBA Bonneville Bank Savings
0.10% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Green Dot Bank DBA Bonneville Bank started in 1978 with headquarters located in Provo, Utah. Green Dot Bank DBA Bonneville Bank owns assets of $1 billion as well as deposits totaling $1 billion, which makes it a medium-size bank. Green Dot Bank DBA Bonneville Bank lacks premium access to support representatives, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile apps. We gave Green Dot Bank DBA Bonneville Bank a 3.7 out of 5 stars, suggesting it is a decent choice, but with better options out there. Green Dot Bank DBA Bonneville Bank has a full selection of banking products, which include savings accounts, checking accounts, money market accounts, CDs and IRAs. It has a fair savings rate compared to the average savings account. The bank's standard checking account carries a $1.50 monthly fee, which is not too high in comparison to the national average. Locating a checking account with no monthly fee as well as a savings account with a high APY at the same bank is the best option for returning the most income on your deposits while maintaining easy access to your funds.

How We Rated It

SmartAsset's Overall Rating

3.7/5
National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more

Rates

2.9
SmartAsset Average: 3.5

Green Dot Bank DBA Bonneville Bank features a savings rate of 0.10%, which is fair in comparison to the national average. Its CDs feature a rate of 0.25% and 1.01% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has a rate of 0.10%. Given Green Dot Bank DBA Bonneville Bank's noncompetitive savings rate, you should consider taking a look at other banks for savings accounts.

How Green Dot Bank DBA Bonneville Bank's Savings Rates Compare

Green Dot Bank DBA Bonneville Bank Savings 0.10 National Average 0.26 Compare Offers
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Fees

4.5
SmartAsset Average: 4.4

Green Dot Bank DBA Bonneville Bank typically has low fees in comparison to the average U.S. bank. At $1.50 per month, Green Dot Bank DBA Bonneville Bank's checking account is average for those who need an easy banking experience. Also, at $25.00, Green Dot Bank DBA Bonneville Bank has a significantly lower overdraft fee compared to the national average. Green Dot Bank DBA Bonneville Bank unfortunately does not refund out-of-network ATM charges, which means you will be required to locate a Green Dot Bank DBA Bonneville Bank ATM or accept the cost of withdrawal.

Monthly Fee $1.50 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee $25.00 National Average: $35.00
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Service Quality

2.5
SmartAsset Average: 3.7

Green Dot Bank DBA Bonneville Bank is a brick-and-mortar bank, with one total branches in Utah. With mobile and web apps, Green Dot Bank DBA Bonneville Bank makes mobile banking convenient, even on the go. You can access Green Dot Bank DBA Bonneville Bank's mobile app to manage your accounts by checking monthly statements, transferring funds as well as reaching customer service. Green Dot Bank DBA Bonneville Bank gets an exceptional consumer satisfaction score due to comparatively few consumer complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating NR
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

5.0
SmartAsset Average: 4.8

Green Dot Bank DBA Bonneville Bank is currently a medium-size bank and owns assets totaling $1 billion as well as $1 billion in deposits. Green Dot Bank DBA Bonneville Bank has an excellent Texas Ratio of 0.66%, indicating that Green Dot Bank DBA Bonneville Bank is in terrific financial health and unlikely to fail. Additionally, Green Dot Bank DBA Bonneville Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

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Compare Green Dot Bank DBA Bonneville Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.1% APY $50
Checking Account 0.1% APY $500
Certificates of Deposit
  • 12 Month: 0.25% APY
  • 24 Month: 0.35% APY
  • 36 Month: 0.60% APY
  • 48 Month: 0.75% APY
  • 60 Month: 1.01% APY
$500 for all terms
Money Market Account 0.1% APY $10000

Green Dot Bank DBA Bonneville Bank has several deposit products like savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Green Dot Bank DBA Bonneville Bank does not have the best savings rate, which means you should consider taking a look elsewhere for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Green Dot Bank DBA Bonneville Bank's CD rates are fair in comparison to the average U.S. bank.

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Find a Green Dot Bank DBA Bonneville Bank Near Me

Green Dot Bank DBA Bonneville Bank has one branches in the U.S.

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