What happens to your GO2bank accounts when you die

GO2bank Checking Account (Visa Debit Card)

Primary, non-interest-bearing deposit account with a Visa debit card issued by Green Dot Bank. Includes in-network ATM access, early direct deposit, mobile check deposit, and cash deposits at participating retailers. Opt-in overdraft protection up to $300 is available to eligible accounts. FDIC insured to the regulatory limit. Estate-relevant terms from the GO2bank Deposit Account Agreement (Rev. Aug. 2025): this is a single-owner consumer account -- the agreement contains no joint-ownership, right-of-survivorship, or Payable on Death (POD) provisions, and Section 5 states "You cannot sell or transfer your Account to anyone else," so the account cannot be retitled into a trust and cannot carry a POD beneficiary. The maximum Account balance is $50,000 (Section 6.a). Section 15.h ("Death or Adjudication of Incompetence") provides that the Bank may freeze, offset, refuse, and/or reverse deposits and transactions -- expressly including governmental or retirement benefit payments payable to the deceased -- if the accountholder dies, and that where the Bank has any question as to the ownership or amount of funds belonging to any person upon the death of an accountholder, it may freeze all or part of the Account pending receipt of proof satisfactory to it of each person's right to the funds. A power of attorney (Section 15.q) cannot be used after death; it terminates with the principal. On closure, if the funds are not withdrawn, the Bank may send a check for the balance to the last address on file, and it may refuse to return an unused balance of less than $1.00 (Section 15.u). Dormant balances may be escheated to the state (Section 15.m). With no joint owner and no POD, the balance passes through the decedent's estate.

GO2bank High-Yield Savings Vaults

Interest-bearing savings sub-accounts ("Vaults") inside the same GO2bank Account, with interest calculated on the average daily balance across all Vaults, subject to a maximum average daily balance cap, and credited quarterly. Vaults are not standalone accounts: under the Deposit Account Agreement (Section 7) money must be transferred from a Vault back to the primary deposit account before it can be spent or withdrawn, transfers between the primary deposit account and a Vault can be conducted ONLY through the Mobile App (the Bank does not accept transfer instructions over the phone or by any other means), Vault balances count toward the $50,000 Account balance limit, and the Bank reserves the right to require at least seven days' written notice of an intended transfer out of a Vault. Practical effect for an estate: a claimant cannot settle a Vault separately or move Vault money by phone -- Vault balances are part of the same Account and are paid out with it when the Account is settled. No POD/beneficiary designation and no trust titling available. Green Dot Bank also holds a security interest in the Account, including Vault balances, for amounts owed to it (Section 15.r).