Ride-sharing service Uber has forged a deal with Green Dot Corporation for a customized business account version of Green Dot’s GoBank mobile checking account for Uber’s driver-partners.
Uber Checking by GoBank provides Uber driver-partners with a special kind of business checking account that reflects their entrepreneurial spirit and their fast, on-the-go, technology fueled lifestyle.
Uber drivers can get free cash deposits into their accounts at participating WalMart stores. There is an $8.95 monthly membership fee, but this can be waived for 6 months every time you receive a direct deposit from your Uber earnings. The $8.95 is also waived in any month that you make other qualifying direct deposits totaling at least $500. ATM fees are free in the GoBank network but $2.50 at other ATMs.
“At Uber, we’re committed to offering great products that help drivers reach their goals. Drivers say that having the flexibility to drive when and where they want is a top reason they choose Uber. Drivers often tell us that they’d like to have the flexibility to decide when to get paid, too. We’re excited to be able to offer this unique option with GoBank, which provides the convenience of online banking and gives drivers the ability to access their earnings instantly,” said David Richter, Vice President, Strategic Initiatives.
“The partnership marries technology, banking and payments in an innovative way to give Uber driver-partners the flexibility to receive their pay instantly, and also provides an alternative to traditional banking,“ says Green Dot Founder & Chief Executive Officer, Steve Streit.