This review will show you that GO2bank is a financial technology company that works 100% online and offers both checking and savings accounts, as well as a secured credit card that helps you build credit.

The bank does not require any credit check in order for you to get their credit card, and you can get a Visa debit card at retailers such as Walmart. Also, applying for an account is easy and totally online.

If you’re interested in what this bank has to offer, keep reading this GO2bank review.

GO2bank offers a digital bank account which makes it easy to handle cash. Also, if you don’t intend to save over $5,000, it yields 1% a year on that money. 

There are a number of reasons why you should or should not open an account with GO2bank, and we’ll show you them in this review. It all depends on what you are looking for.

To help you to get a clear picture of what this bank is about, we have put together a list of benefits and disadvantages for you. Have a look.

GO2bank can be an excellent pick for those just starting out on their financial journey.

Their savings account does not yield interest for deposits over $5,000. This means the 1% yield they offer will earn you only $50 a year. 

However, you have access to 5 different vaults, which are essentially separate savings accounts. You can use each one of them to save money for a different purpose.

Also, make no mistake: 1% may not seem like a lot, but it is a good yield compared to what you usually find on the market.

It is just that, at this point in your life, you do not have a lot of money, so you will not make a lot of money unless you incur some significant risk.

As we have previously mentioned in this review, GO2bank works 100% online, so opening a bank account with them is done through their website.

If you would like a complete walkthrough of the application process, we have prepared one for you. Just hit the link below.