Green Dot Corporation Announces Completion of $45 Million Senior Unsecured Notes Offering Page 1

Green Dot Corporation (the “Company”) (NYSE: GDOT), today announced the completion of a private placement of $45 million aggregate principal amount of its 8.75% Fixed Rate Senior Notes due 2029 (the “Notes”) to certain qualified institutional buyers and institutional accredited investors in a private placement exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The Notes are unsecured and have a term of five years, maturing on September 15, 2029, and will bear interest at a fixed annual rate of 8.75%, payable semi-annually in arrears.

The Company intends to use the net proceeds from the offering to repay the Company’s outstanding indebtedness under its revolving credit facility and for general corporate purposes, including working capital.