Achievecard

GO2bank, presented at achievecard.com, is a mobile banking service for consumers in the United States. The core product is a deposit account paired with a chip-enabled debit card, managed through a mobile app and website. Account features include overdraft protection of up to $300 for eligible debit card purchases after initial eligible direct deposits and opt-in, with a $15 fee applying to each eligible purchase transaction that overdraws the account unless the balance is restored to at least $0 within 24 hours.

The account carries no monthly fee in statement periods following a payroll or government benefits direct deposit, and $5 per month otherwise. Direct deposit customers can receive pay up to two days early, government benefits up to four days early, and federal tax refunds up to five days early, subject to payor and IRS timing. A linked savings account pays interest quarterly on the average daily balance up to $5,000, quoted at a 4.50% APY and 4.41% interest rate as of December 2024. Cash can be deposited at more than 90,000 retail locations for a service fee of up to $4.95, checks can be deposited by photo through the app, and withdrawals are free at a network of in-network ATMs with a $3 fee for out-of-network withdrawals plus any ATM owner charges.

A companion product, the GO2bank Secured Visa Credit Card, is available to accountholders with at least $100 in direct deposits in the prior 30 days. It has no annual fee, no credit check, and no credit impact at application, with an APR of 22.99% as of December 1, 2022. Security features described include card lock/unlock, fraud alerts by text message and chip-enabled cards.

Business model

Consumer deposit accounts and cards distributed directly to individuals, with revenue tied to account and transaction fees such as the $5 monthly fee when no qualifying direct deposit is received, $15 overdraft fees, retail cash deposit fees of up to $4.95, and $3 out-of-network ATM withdrawal fees, alongside a secured credit card carrying a 22.99% APR.

Fee-based: monthly account fees waived with qualifying direct deposit, overdraft fees, retail cash-deposit fees, out-of-network ATM fees, and interest on the secured credit card.