Can I get cash at an ATM using my GO2bank Secured Credit Card? (2024)

FAQs

Can I get cash at an ATM using my GO2bank Secured Credit Card? ›

Yes. Cash advances are only permitted at ATMs and participating financial institutions located in the U.S., its territories, Canada, and Mexico. You may withdraw up to $200 per day if your credit limit and available balance permits. A fee of either $10 or 5% of the amount, whichever is greater, will be assessed.

A $3.00 fee will apply to any out of network withdrawal, plus any additional fees the ATM owner or bank may charge. You may withdraw up to $500 per day using your GO2bank debit card, provided you have funds available in your account.

Before you take out a GO2bank Secured Credit Card cash advance, it's important to note that it is a very expensive transaction. For starters, there's a cash advance fee of 5% (min $10). There's also a separate cash advance APR of 26.99% that applies as soon as you withdraw the cash. There may be ATM-owner fees, too.

To use a secured credit card with a $200 limit, first put down a refundable security deposit of $200 to establish your credit line, then use the card to make a few small purchases each month, and pay off the balance by the due date. You will get the $200 back when you close your account or receive an upgrade offer.

Your ability to make the minimum payment determines the credit limit range, and your security deposit sets the limit within that range. Your credit amount will equal the amount of this security deposit. Your activity is reported to the three major credit bureaus every month.

Yes. Cash advances are only permitted at ATMs and participating financial institutions located in the U.S., its territories, Canada, and Mexico. You may withdraw up to $200 per day if your credit limit and available balance permits.

What's the most cash i can withdraw each day? You may only withdraw up to $500 from ATMs in a single day.

Use your secured card to make small everyday purchases and pay your statement balance in full every month. Avoid maxing out your credit card and try to pay down any debts you had before you took out your secured card.

The money you deposit with a secured credit card serves as your card's credit limit. For example, if you deposit $500, your card's credit limit will also be $500, and you won't be able to charge more than this amount.

You typically get your secured credit card deposit back when you pay your balance and close your account or when your secured credit card converts to an unsecured card. After you demonstrate responsible use of your secured credit card over a certain period, the card issuer may offer to convert it to an unsecured card.

What is the limit on a GO2bank credit card? ›

Everyone who gets approved for a GO2bank Secured Credit Card is guaranteed a credit limit of at least $100, though each person's exact starting credit limit will depend on how much of a security deposit they put down.

GO2bank is a digital bank that offers a checking and high-yield savings account as well as a secured credit card.

Once you opt in to overdraft protection coverage your purchase transactions can be covered by overdraft protection. Overdrafts are paid at our discretion, and we do not guarantee that we will authorize and pay any transaction. Cash withdrawals, paying bills within the app and sending money to others are NOT covered.

Daily withdrawal limits typically range from $300 to $5,000 with most limits falling between $500 and $3,000. Your individual daily withdrawal limit usually resets the following day. However,be aware that, in some cases, daily limits are determined by a 24-hour period instead of a calendar day.

IF I DIRECT DEPOSIT MY TAX REFUND, CAN I WITHDRAW OR SPEND IT ALL AT ONCE? The maximum you can withdraw from most GoBank accounts at an ATM is $3,000 every 24 hours. The daily spend limit is $10,000 per day.

Yes, there is a $3 retail service fee to pick up cash at Walmart.