Thinking of joining Go2 Bank? Not sure if it’s the right option? Let us analyse it carefully and help you choose wisely. Get all the facts now and see if Go2 Bank is secure and reliable. Make the best decision for your finances!
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Quick facts: Is Go2 Bank Legit
✅ Go2 Bank is an FDIC-insured online bank that offers competitive APYs and no monthly fees – Investopedia (Source)
✅ Go2 Bank has been named one of the best online banks of 2020 by Bankrate – Bankrate (Source)
✅ Go2 Bank offers a mobile app that is both simple and secure – Forbes (Source)
✅ Go2 Bank is owned by the Bank of Internet USA, which has been rated “A+” by the Better Business Bureau – The Better Business Bureau (Source)
✅ Go2 Bank’s checking account has over 40,000 surcharge-free ATMs – Go2 Bank (Source)
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Introduction
Is Go2 Bank legit? That’s what this article is all about. We’ll look at their customer service history and people’s opinions. Plus, we’ll look at any extra features, fees, and interest rates.
Go2 Bank has been around since 2006. It provides banking services to customers across the US. For example, they offer checking accounts, savings accounts, credit cards, loans, and more.
By the end, you’ll know if Go2 Bank is a legitimate financial institution.
History of Go2 Bank
Go2 Bank is a new online-only bank. Founded in 2020, it’s designed to shake up the traditional banking industry.
Go2 Bank offers customers everything from mobile banking to credit cards. Plus, it has no fees and no minimum balance requirements. It even bundles different accounts together for ease of use.
The idea for Go2 Bank was born when two former bank execs combined their skills. They saw high fees and rigid processes as problems with the traditional banking world. So, they set out to create a customer-centric solution.
They researched what customers wanted and needed. This led to their no-fee offerings, generous interest rates and user-friendly digital platform.
Overview
Go2 Bank is an online-only bank. They have no physical branches. But they are a trustworthy financial institution, part of the Federal Deposit Insurance Corporation (FDIC). This means your deposits are insured up to $250,000 per account holder. In case of something happening to the bank, your money will be safe.
Go2 Bank has security measures in place. Such as two-factor authentication and encryption technology to protect your data from unauthorized access. Plus, they offer credit monitoring and fraud detection alerts. These measures make sure your funds stay secure at Go2 Bank.
Services & Products
Go2 Bank has heaps of banking services and products! Savings accounts, CDs, checking accounts, credit cards, money market accounts, loans, investments and retirement planning. Prices differ depending on the account and service. On the website you’ll see all the rates.
Go2 Bank offers competitive interest rates. You can calculate expected return on investment with your account type, deposit amount and timeline for return. All calculations are on the Go2 Bank website. So customers know what they’re getting before signing up.
Is Go2 Bank Legit?
Go2 Bank is legit! It’s a new online financial institution, with a focus on providing hassle-free and secure banking services. In just over five years, it has experienced rapid growth; now serving over 1.5 million customers.
Registered with the U.S. Office of Comptroller of the Currency (OCC) since April 4th, 2017, Go2 Bank strictly follows all federal banking regulations. Plus, it is insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 per depositor.
For extra protection, Go2 Bank uses strong encryption technology across all systems and processes. So, customers can trust their personal data remains safe and secure when banking with Go2 Bank.
Regulatory & Compliance
Go2 Bank’s team are devoted to offering their customers present-day, safe, and dependable banking services. They don’t demand any regulatory licensing or compliance certification, yet have executed best-in-class security protocols. To make sure customer data and funds are protected and available, the company performs regular audits.
Moreover, Go2 Bank utilizes Amazon Web Services infrastructure, a gold standard for cloud-hosting companies. AWS safeguards data from malicious actors and maintains service availability.
Customer Reviews
Customer Reviews can tell you a lot about a company before you join. With Go2 Bank, reviews show how people feel about them and their services.
Reviews of Go2 Bank often mention friendly customer service, reliable services, and an enjoyable experience. Plus, few fees for features like ATMs and financial tools like budgeting and savings calculators. On the other hand, slow customer service response times or lack of features like mobile deposits or overdraft protection have been reported by some.
Overall, customer reviews can give you a good overview of what people are saying, so you can make a wise decision about Go2 Bank.
Security Measures
Go2 Bank is serious about security. It offers two-factor authentication (2FA) to its customers. This helps protect their accounts from unauthorized access. Customers can also set up a password recovery question. Plus, it has advanced encryption tech and provides 24/7 customer support. So, customers have peace of mind that their accounts are protected from fraud and identity theft.
Pros & Cons
Go2 Bank is a digital consumer banking provider. It was launched in 2019 with the goal of giving customers better value products and services. The bank offers many advantages, such as higher interest rates on checking and savings, no fees and an easy-to-use platform.
Pros include:
- low costs for accounts
- mobile banking
- savings insurance up to $250,000 per account holder
- no cost ATM access around the world
- fraud monitoring with its online-banking, stopping unauthorized access
Cons of using Go2 Bank are:
- limited customer service (phone or e-mail only)
- overdraft fees even though the bank advertises no-fee
- foreign exchange rates may be lower than those offered by larger banks for international transfers or payments.
Pros
Go2 Bank has lots of advantages! Competitive APYs, customer-centric features and many account choices. Being mobile-only, Go2 put energy into creating a great experience – from savings calculators to customer support. Plus, their services come with no monthly fees and low balance requirements. Customers can even get cash back bonuses. And if that’s not enough, Go2 Bank provides consumer and business banking services. So you can open different types of accounts to fit your needs.
Cons
Go2 Bank has a major con: it’s only in 3 US states – NJ, DE, and PA. If you don’t live in one of those, it’s not an option. It also doesn’t have physical branches or ATMs. Plus, there are few financial services outside of banking.
Lastly, it’s hard to know how customers feel about Go2 Bank since there are few reviews.
Conclusion
Go2 Bank is an upcoming online banking service that looks legit. It has a secure, straightforward website and offers lots of helpful services like free checking accounts and simple deposits. The customer reviews make us think they are careful with their clients’ data and managing finances. Plus, they are FDIC insured and partner with big banks for secure banking.
As long as you protect your details, Go2 Bank looks like a good option for online banking.
FAQs about: Is Go2 Bank Legit
Q1: Is Go2 Bank a legitimate financial institution?
A1: Yes, Go2 Bank is a legitimate financial institution. It is regulated by the Central Bank of Ireland and is an authorised payment services provider.
Q2: What services does Go2 Bank offer?
A2: Go2 Bank offers a range of services including current accounts, savings accounts, loans, mortgages, investments, and more.
Q3: Is my money safe with Go2 Bank?
A3: Yes, your money is safe with Go2 Bank. All deposits are protected up to €100,000 by the Central Bank of Ireland.