California-headquartered digital bank Green Dot launches the unlimited cash back bank account.

According to Green Dot, the new account features the most generous cash back debit card in the US.

At the same time, the bank says that it will help customers to build savings while they spend.

The Green Dot unlimited cash back bank account offers 3% cash back on online and in-app purchases. In addition, it includes a savings account paying depositors 3% interest on balances up to $10,000.

Additionally, the account features free ATM use and free cash deposits at retailers where Green Dot Bank products are featured. Moreover, the account carries no minimum deposit requirements, no overdraft, bounced cheque or penalty fees.

“Everyone knows that it’s smart and responsible to save up money for the future. But we also know that, for most people, saving up money is hard to do,” says Steve Streit, Founder & Chairman, Green Dot Bank.

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‘Spend like normal save up like crazy’

“The Unlimited Cash Back Bank Account by Green Dot makes it possible to build up savings using the bank’s money. The unlimited cash back bonus money can really add up fast as customers buy the things they would normally buy. That’s why our slogan for this bank account is ‘Spend like normal and Save up like crazy’.”

Streit says that the app offers many popular features and services that make the account easy to use. These include mobile check deposit and the ability to pay anyone with free electronic bill pay.

The Visa debit card linked to the account is EMV protected for security. It is ready to be set up for Apple Pay, Google Pay, and Samsung Pay.

Notably, the account attracts no monthly fee when the customer spends $1,000 or more using the Unlimited Visa Debit Card.

Streit adds: “The rewards associated with the Unlimited Cash Back Bank Account rival those of the best credit cards. But this Visa card is a debit card not a credit card.

As such, Green Dot doesn’t require a certain minimum credit score to open the account. Plus, consumers can benefit from the account’s rich cash back offer without the risk of getting into credit card debt.”

unlimited cash back bank account.