How they describe themselves: GoBank is a brand of Green Dot Bank, Member FDIC. GoBank is the first bank account designed from scratch to be opened and used on a mobile device. With GoBank, members have full access and control of their money from their iPhone, iPod Touch or Android device, have no overdraft fees or minimum balance requirements, and can withdraw cash from more than 42,000 fee-free ATMs in the U.S. For more information about GoBank or to request a membership invitation, visit gobank.com.
How they describe their product/innovation: GoBank is a modern, feature-rich bank account designed from scratch to be opened and used on a mobile device. Every feature was developed with the mobile user in mind, resulting in a product that fits seamlessly into the daily life of GoBankers. GoBank offers a consumer-friendly pricing model of no overdraft fees or penalty fees and no minimum balance requirements. Free features include a budgeting tool, a linked debit card, a large ATM network, multiple deposit options and mobile bill and P2P payments.