Green Dot, Clip Money partner to launch business cash deposit service in retail

Clip Money and Green Dot (GDOT) announced they are expanding Clip Money’s over-the-counter deposit service for businesses through Green Dot Network locations nationwide. Utilizing Green Dot’s embedded finance platform and money movement network and Clip Money’s cash deposit technology platform, the partnership offers businesses a more convenient and efficient way to handle cash deposits at prominent national retail and grocery locations. With this partnership, Clip Money adds over-the-counter business deposit service to its existing network of ClipDrop boxes and ClipATM locations, cementing the company as the operator of the largest non-bank business deposit network in the United States. Green Dot, in collaboration with its retail partners, will enable Clip Money’s over-the-counter cash deposit service at more than 4,000 locations across the U.S. to facilitate easier deposits for businesses. Local area business owners will now be able to visit convenient retail locations in the Green Dot Network to deposit cash directly into their existing bank account, supported by the Clip Money network, without having to visit a traditional bank branch during banking hours.