Meet GoBank, the Bank Designed Specifically for Smartphones

Green Dot wants to disrupt the banking industry in the same way that Apple disrupted the music industry.

Green Dot, the largest provider of prepaid debit cards in the U.S., announced Tuesday that it is launching a new bank account called GoBank which is specifically designed for consumers with smartphones.

Rather than partner with an existing banking institution, Green Dot designed GoBank from the ground up to be truly mobile-first. For starters, customers can quickly set up an account from their phone using GoBank's mobile website or apps for Android and iPhone. GoBank members can send money to friends and family for free through e-mails, texts and Facebook notifications.

GoBank…
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