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Green Dot Bank DBA Bonneville Bank Review

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We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
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 and its headquarters are located in Provo, Utah. Green Dot Bank DBA Bonneville Bank owns assets of $1 billion as well as $1 billion in deposits, ranking it as 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. With an average 3.7 out of 5 stars, Green Dot Bank DBA Bonneville Bank proves it is a decent choice, but with better options out there. Green Dot Bank DBA Bonneville Bank provides customers with a full suite of product offerings, including savings accounts, checking accounts, money market accounts, CDs and IRAs. Green Dot Bank DBA Bonneville Bank has a fair savings rate; you can find higher rates with other banks. The bank's standard checking product has a monthly fee of $1.50, which is not too high compared to other U.S. banks. Locating a checking account with no monthly fee and a savings account with a high interest rate at the same bank is your best option for returning the most income from your deposits while maintaining convenient 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 poor in comparison to other U.S. banks. Its CD rates are 0.25% and 1.01% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at an APY of 0.10%. Given its below average savings rate, you should think about looking elsewhere to open 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 has generally low fees in comparison to other U.S. banks. Green Dot Bank DBA Bonneville Bank's checking account has a monthly fee of $1.50, rating it average for anyone looking for a simple account. Additionally, it has an overdraft fee of $25.00, which is considerably less than that of other U.S. banks. Green Dot Bank DBA Bonneville Bank unfortunately does not reimburse out-of-network ATM fees, meaning you will need to find a Green Dot Bank DBA Bonneville Bank ATM or accept the ATM charge.

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 bank locations in Utah. It also offers access to mobile and web apps for easy access and banking on the go. Green Dot Bank DBA Bonneville Bank's mobile app allows you to control your bank accounts by monitoring current statements, sending and receiving funds as well as reaching customer service. Green Dot Bank DBA Bonneville Bank gets an outstanding consumer satisfaction rating due to relatively few complaints filed 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 $1 billion in assets as well as $1 billion in deposits. Its Texas Ratio is 0.66%, denoting that the bank is in excellent financial health and far from failure. 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 Accounts 0.1% APY 0.1% APY $10000 $15000

Green Dot Bank DBA Bonneville Bank offers several deposit products including 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 think about 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 compared to other U.S. banks.

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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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