Green Dot is one of the most recognized financial companies in the United States. One of the reasons is that it is considered the largest prepaid debit card company in the world by market capitalization.
Its operations have been active since 1999, and it is still going strong. It can issue Visa and MasterCard prepaid cards, and you can easily send money to PayPal with them.
What is the process of transferring from Green Dot to PayPal?
The procedure is simple; you can transfer funds from Green Dot to PayPal or another person. You also have the alternative to link the GreenDot MoneyPak card to PayPal and thus complete online purchases through Amazon, Walmart, or eBay.
It would help if you linked Green Dot with PayPal to start the transfer. First, log into your personal PayPal account, go to “My Account,” and select “add funds.” Within the options, you will find “add MoneyPak funds.”
A form will appear, you must add your MoneyPak account number and wait for the information to be processed. This number is located on the back of the GreenDot MoneyPak card.
Next, add the owner’s name, date of birth, address, and Social Security number, and click “continue.” Confirmation via email will be sent to complete the application; you need to open the link.
You will link both accounts, and you can begin transferring funds as needed to complete online purchases.
Green Dot Transfer Fees
Green Dot charges a small fee of $1 for each purchase. However, there are no monthly account maintenance or similar fees. Charging the credit card has a fee of approximately $6.
Therefore, it is recommended to properly evaluate whether it is necessary to make the transaction from one account to another to avoid additional fees.
Where do you find the account and routing number in Green Dot?
It is essential to have the account and routing number for the transaction to transfer funds from Green Dot to PayPal effectively. When you log in to Green Dot and go to “My Account,” you will see all the related information along with the account and routing number.
In the bank statement, you will also find this information; if you do not want to log in to your account, you only have to look for this document, which will be detailed at the top. Another option is to call the phone number on the back of your card.
That way, you can contact customer service, and they will be able to tell you all the information you need to complete the transfer.
Is it a good option to have a debit card at Green Dot?
As we mentioned, Green Dot is one of the most widely used banks because of the number of prepaid cards it offers users. After acquiring a Green Dot Visa card, you can use it to make payments for goods and services.
In addition, it offers a 2% rebate on all online purchases, and there is no limit to acquiring it. Deposits are free through the retailer’s application.
Direct deposit is a feature that allows you to receive your salary up to two days before the agreed date and offers 2% interest on annual savings. Prepaid card options include:
- Green Dot Visa Prepaid Card
- Load & Go Visa Prepaid Card
Both are sold at retail partners, and the difference is that the first one you get when you open a Green Dot account is a Visa with the same name. On the other hand, the Load & Go Visa prepaid card is accepted in all US states.
It is a pay-as-you-go alternative to monthly installments. You can purchase it at Rite Aid or Walgreens.