We previously discussed that GoBank rolled out new fees and limits and started reappearing, see GoBank Reappears?
Since then, I’ve noticed them popping up in a few Walmart’s, so it’s now rolled out for all to get. (There is now a monthly fee on the “new-and-improved” GoBank, as we mentioned.)
One interesting note on GoBank’s new limits: Supposedly, as of August 14,2014, they imposed of an add-cash limit of $3,000 per rolling 30 days. This info is still what’s advertised in GoBank’s account agreement.
I just recently added more than $3,000 by mistake; I hadn’t realized that I was exceeding my limits. Just today, I logged into my GoBank account, and realized that I actually exceeded my $3,000 per rolling 30-days.
As you can see, I added $1900 on 10/21, and then another$1500 on 11/12, for a total of $3400 within one rolling 30-day period.
It’s possible that they switched to a calendar-month schedule, instead of a rolling-day schedule, though they still mention the rolling-day limit in their account agreement.
Two other posiblities:
- They may have never hard-coded the new limit; it’s just something that they could make problems for you if you go over.
- Maybe they allowed the final reload since I still had a few hundred dollars left to reach my limit. Since I was allowed to load a smaller amount, the system lets me load a higher amount. But if I’d try to do another load now, for example, the system wouldn’t allow it.
I don’t intend to experiment much on this, because I’d rather just keep within my $3k limits, and not get on GoBank’s bad side. But I found it interesting that the limits may not be as clear-cut as I had thought.
