Green Dot Bank: who holds your money

The disclosure for Green Dot Bank, read on September 5, 2026, describes a direct bank arrangement for FDIC coverage, federal insurance for bank deposits. This concerns deposits at the relevant bank. The exact disclosure follows.

Current commentary

Green Dot Bank is itself a chartered bank, so customer deposits sit directly at Green Dot Bank DBA Bonneville Bank. Federal deposit insurance applies directly there, without passing through a separate partner bank. Coverage is $250,000 per depositor, per insured bank, for each account ownership category. Green Dot Bank DBA Bonneville Bank has letter A on this site, comparing it with banks of similar size. This holding arrangement reflects Green Dot Bank’s disclosure read September 5, 2026.