What is the difference between Go2Bank and Green Dot?

Go2Bank and Green Dot are closely related entities within the financial landscape, but they serve different functions and customer needs. Green Dot Corporation is a well-established company and one of the largest prepaid debit card providers in the United States, known for providing personal banking products without the need for a traditional bank account. Go2Bank, on the other hand, is a brand and digital banking platform launched by the Green Dot Corporation. It represents Green Dot's strategic move into offering a more comprehensive online banking experience, with features such as overdraft protection, high-yield savings accounts, and direct deposit options that typically rival those offered by traditional banks. While both provide avenues for financial management without the necessity of a conventional bank account, Go2Bank is essentially an extension of Green Dot's services designed to cater specifically to the needs of mobile-first and tech-savvy customers seeking enhanced digital banking solutions.