Q:

Does a Green Dot checking account accrue interest?

A:

Quick Answer

As of 2015, a Green Dot checking account does not accrue interest, according to Green Dot Bank. Green Dot accounts utilize debit cards that customers can reload by transferring funds to the cards through bank transfers, direct deposit and other means, according to Novantas.

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Full Answer

GoBank is the low-fee, overdraft-free checking account Green Dot offers in Wal-Mart stores across the United States, according to NerdWallet. The Federal Deposit Insurance Corporation insures the checking accounts as it does with traditional bank accounts. Green Dot accounts offer features such as comparing the cost of an item to the account holder's actual and anticipated bank balances, then recommending whether or not the account holder should purchase the item.

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