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GO2bank Partners with Experian® to Offer Free Credit Features to Help Customers Quickly and Easily Build and Improve Their Credit, and Protect Their Identity
Green Dot’s new flagship digital bank will offer access to Experian BoostTM1 to increase consumers’ FICO® Score2 immediately, plus features to protect against identity theft
“Every American, regardless of credit history or experience, deserves quick and easy access to their credit score, as well as tools and opportunities to improve it and save money,” said
One in five American adults are living with no credit score or are credit invisible, the majority of whom are actively looking to improve their credit. Through this new partnership, GO2bank will offer customers free access to Experian Boost to increase their FICO® Score by paying utility and phone bills, plus Experian CreditLock to help protect against identity theft.
“Collaborating with one of the fastest growing digital banks is another way Experian is working on behalf of consumers to give them more control of their credit profile and credit scores,” said
GO2bank’s expanded credit suite is offered free of charge and is designed to offer features for the customer who is struggling to get fairly priced products to improve their credit scores. Experian Boost, a feature offered for free through Experian, uses positive payment history for utility and phone bills as well as video streaming services to help consumers increase their FICO® Score, ultimately allowing them to gain access to credit with better terms. In the two years since its launch, the tool has helped nearly eight million consumers collectively increase their FICO Score by more than 50 million points. Of those users starting with a FICO Score of 680 or below, 70 percent increased their FICO® Score.
The new credit tools, offered through GO2bank, will offer seamless access to industry-leading credit tools and features, including:
- Clear credit picture: Customers can access their FICO® Score through their Experian membership free of charge, along with Experian credit monitoring and alerts.
- Improve credit instantly: Customers can increase their FICO® Score through Experian Boost by getting credit for paying bills like video streaming services, phones, and utilities.
- Safety and protection: GO2bank helps customers protect against identity theft by offering the ability to lock and unlock their Experian credit file, in addition to the peace of mind that comes with banking through its chartered,
- Access to credit: GO2bank’s Secured Credit Card is already available with no credit check or annual fee, so customers can establish and build credit, regardless of credit history.3
- Single ecosystem for credit health: Additional features focused on graduating customers to new credit offerings and ways to save to be added throughout 2021 and beyond.
GO2bank is Green Dot’s new flagship digital bank designed to offer meaningful value where people need it most and help improve financial health over time, all in one easy-to-use mobile app. GO2bank helps customers build confidence and control in the way they manage their money with up to
To download the app, visit the
About Green Dot
Experian is the world’s leading global information services company. During life’s big moments — from buying a home or a car to sending a child to college to growing a business by connecting with new customers — we empower consumers and our clients to manage their data with confidence. We help individuals to take financial control and access financial services, businesses to make smarter decisions and thrive, lenders to lend more responsibly, and organizations to prevent identity fraud and crime.
We have 17,800 people operating across 44 countries, and every day we’re investing in new technologies, talented people and innovation to help all our clients maximize every opportunity. We are listed on the
1 Results may vary. Some may not see improved scores or approval odds. Not all lenders use Experian credit files, and not all lenders use scores impacted by Experian Boost.
2 Credit score calculated based on FICO® Score 8 model. Your lender or insurer may use a different FICO® Score than FICO® Score 8, or another type of credit score altogether. Learn More
3 Available only to existing GO2bank accountholders with direct deposits totaling at least
5 Monthly fee waived whenever you receive a payroll or government benefits direct deposit in the previous monthly statement cycle. Otherwise
6 Retail service fee and limits apply. See Deposit Account Agreement (PDF) for details.
7 Direct deposit early availability depends on timing of payor’s payment instructions and fraud prevention restrictions may apply. As such, the availability or timing of early direct deposit may vary from pay period to pay period. The name and