Green Dot Inks a Deal With Walmart For Its GoBank Service

Shares of Green Dot soared on Wednesday making it TheStreet's Move of the Day. The mobile banking company surged after it announced a partnership with Walmart. The mega-retailer will offer Green Dot's new checking account service called, GoBank, to its customers. The service will allow shoppers to open MasterCard debit cards with no overdraft fees, minimum balance fees, or monthly fees and is meant to be a low-cost alternative to traditional bank checking. GoBank will be available next month. Almost 3.7 million shares of Green Dot were traded compared to the average volume of 280,000 shares a day.