Is Go2Bank an actual recognized banking institution?

Yes, Go2Bank is indeed a recognized banking institution. Operated by Green Dot Corporation, which is known for its prepaid debit card products, Go2Bank represents their foray into digital banking services. Green Dot Corp. itself is a financial technology and bank holding company that is well established and has been providing various financial services for some time. Go2Bank aims to offer convenient online banking solutions and features that are tailored to meet the needs of modern customers who prefer handling their banking needs via digital platforms. It provides services like direct deposit, online bill payment, and mobile check deposit, along with a debit card that can be used much like those issued by traditional banks.