With mobile banking and mobile wallets, it has become effortlessly accessible for us to pay our bills and fund transfers. The essential criteria to carry out this online transfer is to have a bank account. But Go2 Bank has given a whole new dimension of banking where it enables unbanked people to have banking activities. Unbanked people refer to those who do not use banks and will not use any bank accounts to deposit money.
Quite interesting, right! This blog will explore the functionalities of Go2 bank and will provide insights for the financial institutions to start their venture similar to Go2 bank.
Go2bank comes under the division of Green Dot bank. Go2 was launched in January 2021 with an initiative to provide access to the unbanked.Go2b provides a platform for those who do not have access to financial products such as checking accounts, loans, or credit cards. Generally, cashing a check is easy through banks. But those who do not access banks will find it tedious. There are several cashing options available for them but at a high cost.
Through Go2bank, they can cash their check at minimum cost. Go2bank provides easy and straightforward mobile banking options for people. They offer mobile banking at competitive prices affordable for the users. Go2bank is an ideal solution for people as they can enjoy without any fee with generous overdraft protection and 1% annual percentage yield on savings and up to 7% initial cashback on eGift card purchase in-app. Are you quite interested in the concept? You can also start your venture with an app like Go2bank.
Go2bank clone is an alternative to Go2bank. Our Go2bank clone is white-labeled and customized. This ready-to-launch app saves your time you spend for the development phase. The Go2bank clone will cater to the needs of the unbanked. The benefits they will get through this Go2bank clone are as follows.
Overdraft is a scenario in which people draw money from their checking account even after their balance reaches zero. When people keep on making money from their accounts, it will lead them to overdraft. Banking institutions offer overdraft protection as an agreement to the account hold and levy charges for it.Go2bank clone will help the users by levying minimum charges.
Secured Credit cards:
In addition to debit cards, Go2bank clone will also offer credit cards for those who have limited and damaged credits. Through this, the users can deposit their money. The users can deposit their affordable money in the account without any annual fee.
Cashback and rewards:
The users can shop with the retailers in the Go2bank clone and earn e-gift cards. Through these e-gift cards, the users can get considerable discounts and cashback for their purchases.
Even if you don’t own an account in the bank, you can deposit your money in the bank with a Go2bank clone. The app also allows you to deposit money in banks.
No additional fees:
The user has to pay an initial amount to take up the services. But after that, the users do not have to pay any additional fees to the app. Go2bank clone will not charge any additional or hidden fees.
By maintaining a direct deposit with the app, the users can get their Paychecks in advance to certain days. Through this way, the users can also earn additional benefits.
Features of Go2bank clone:
The Go2bank clone is developed with features that are meant for the easy access of the users. Because an app is created for the use of the customers. So, developing an app with viable features is essential. Following are the features that are employed in app development.
Registration: The first impression about an app is created in this phase. The registration page provides a sign-up for the user’s future access. The users should provide their details like name, mail id, phone number, contact address, date of birth, and social security number.
Secured handling of details: Since it is a banking application, the data and information of the users have to be stored up in the database. This data has to be handled with care.
User friendly: Developing an application that is user-friendly is essential. Develop an app that can be supported with both Android and iOS.
Push notifications: Notifications help users to keep engaged with the app-related messages. So, while developing an app, give extra care to focus on this feature.
Privacy: The users sign in to the account by providing their details. So, this information has been kept safe. The privacy of the users has to be ensured.
On a concluding note:
Go2bank clone app is exclusively developed for financial institutions that want to offer scope for unbanked people. This blog would have given you insights into the working model of the app. We at Appdupe offer you a perfect solution in the form of Go2bank clon, which is ready to launch an app with customized solutions.
Get started with lucrative Go2bank clone app development now
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Is this legal?
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