Exhibit 99.01

Green Dot Reports Fourth Quarter 2010 Financial Results

Monrovia, CA — February 10, 2011 — Green Dot Corporation (NYSE: GDOT), a leading prepaid financial services company, today reported financial results for its fourth quarter ended December 31, 2010.

“2010 was a great year for Green Dot. We completed a successful IPO, secondary offering, and had record financial results. We concluded the year with a strong fourth quarter, including a 40% increase in non-GAAP total operating revenues to $97.5 million, a 21% increase in non-GAAP net income to $12.7 million and non-GAAP diluted earnings per share of $0.29. Most importantly, we have continued our mission of providing Americans with access to safe, low-cost, FDIC-insured banking products to handle their daily transactional needs,” said Steve Streit, Green Dot’s Chairman and Chief Executive Officer. “We made further progress expanding our distribution channels beyond retail when we were selected to serve as a program manager for a U.S. Department of Treasury pilot program whereby Americans can receive their federal tax refunds via direct deposit to a prepaid debit card. We also continued to work to expand in retail by adding Casey’s General Store, one of the nation’s largest convenience store chains, to our long list of retail distributors.”

GAAP financial results for the fourth quarter of 2010 compared to the fourth quarter of 2009:

	•		Total operating revenues on a generally accepted accounting principles (GAAP) basis increased 32% to $91.8 million for the fourth quarter of 2010 from $69.6 million for the fourth quarter of 2009
	•		GAAP net income increased 14% to $7.9 million for the fourth quarter of 2010 from $6.9 million for the fourth quarter of 2009
	•		GAAP basic and diluted earnings per common share were $0.19 and $0.18, respectively, for the fourth quarter of 2010 and $0.18 and $0.15, respectively, for the fourth quarter of 2009

Non-GAAP financial results for the fourth quarter of 2010 compared to the fourth quarter of 2009¹:

	•		Non-GAAP total operating revenues1 increased 40% to $97.5 million for the fourth quarter of 2010 from $69.6 million for the fourth quarter of 2009
	•		Non-GAAP net income1 increased 21% to $12.7 million for the fourth quarter of 2010 from $10.5 million for the fourth quarter of 2009
	•		Non-GAAP diluted earnings per share1 was $0.29 for the fourth quarter of 2010 and $0.26 for the fourth quarter of 2009
	•		EBITDA plus employee stock-based compensation expense and stock-based retailer incentive compensation expense (adjusted EBITDA1) increased 16% to $22.5 million for the fourth quarter of 2010 compared to $19.4 million for the fourth quarter of 2009

Key business metrics for the quarter ended December 31, 2010:

•

Number of general purpose reloadable (GPR) debit cards activated was 1.53 million for the fourth quarter of 2010, an increase of 10% over the fourth quarter of 2009

	•		Number of cash transfers was 7.26 million for the fourth quarter of 2010, an increase of 41% over the fourth quarter of 2009
	•		Number of active cards (as of quarter end) was 3.40 million, an increase of 26% over the fourth quarter of 2009
	•		Gross dollar volume was $2.7 billion for the fourth quarter of 2010, an increase of 53% over the fourth quarter of 2009

Refer to our Quarterly Report on Form 10-Q for a description of these key business metrics.

“We are pleased with our strong growth across all key financial and operational metrics in the fourth quarter. The results show that our customers continue to incorporate our products into their everyday lives and are using them more frequently,” said John Keatley, Green Dot’s Chief Financial Officer.

The following tables show our quarterly key business metrics for each of the last eight calendar quarters:

		Q4				Q3				Q2				Q1				Q4				Q3				Q2				Q1
		2010				2010				2010				2010				2009				2009				2009				2009
		(in millions)
Number of GPR cards activated			1.53				1.47				1.48				1.79				1.39				1.07				0.94				0.86
Number of cash transfers			7.26				6.89				6.41				5.93				5.14				4.54				4.10				3.50
Number of active cards (as of quarter end)			3.40				3.28				3.24				3.37				2.69				2.24				1.99				1.74
Gross dollar volume		$	2,672			$	2,516			$	2,375			$	2,846			$	1,745			$	1,486			$	1,345			$	1,207

Conference Call

The Company will host a conference call to discuss fourth quarter 2010 financial results today at 4:30pm ET. In addition to the conference call, there will be a webcast presentation of accompanying slides accessible on the Company’s investor relations website. Hosting the call will be Steve Streit, chief executive officer, and John Keatley, chief financial officer. The conference call can be accessed live over the phone by dialing (877) 941-1427, or for international callers (480) 629-9664. A replay will be available one hour after the call and can be accessed by dialing (877) 870-5176 or for international callers (858) 384-5517; the conference ID is 4404813. The live call and the replay, along with supporting materials, can also be accessed through the Company’s investor relations website at http://ir.greendot.com/. A replay of the webcast will be available for 30 days.

Forward-Looking Statements

This earnings release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, among other things, statements regarding future events that involve risks and uncertainties. Actual results may differ materially from those contained in the forward-looking statements contained in this earnings release, and reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from those projected are discussed in greater detail in the Company’s Securities and Exchange Commission filings, including its quarterly reports on Form 10-Q, which are available on the Company’s investor relations website at http://ir.greendot.com/ and on the SEC website at www.sec.gov. All information provided in this release and in the attachments is as of February 10, 2011, and the Company assumes no obligation to update this information as a result of future events or developments.

About Non-GAAP Financial Measures

To supplement the Company’s consolidated financial statements presented in accordance with GAAP, the Company uses measures of operating results that are adjusted to exclude net interest income, income tax expense, depreciation and amortization, employee stock-based compensation expense and stock-based retailer incentive compensation expense. This earnings release includes non-GAAP total operating revenues, non-GAAP net income, non-GAAP earnings per share data, non-GAAP weighted-average shares issued and outstanding and adjusted EBITDA. These non-GAAP financial measures are not calculated or presented in accordance with, and are not alternatives or substitutes for, financial measures prepared in accordance with accounting principles generally accepted in the United States of America, and should be read only in conjunction with the Company’s financial measures prepared in accordance with GAAP. The Company’s non-GAAP financial measures may be different from similarly-titled non-GAAP financial measures used by other companies. The Company believes that the presentation of non-GAAP financial measures provides useful information to management and investors regarding underlying trends in its consolidated financial condition and results of operations. The Company’s management regularly uses these supplemental non-GAAP financial measures internally to understand, manage and evaluate the Company’s business and make operating decisions. For additional information regarding the Company’s use of non-GAAP financial measures and the items excluded by the Company from one or more of its non-GAAP financial measures, investors are encouraged to review the reconciliations of the Company’s non-GAAP financial measures to the comparable GAAP financial measures, which are attached to this earnings release, and which can be found by clicking on “Financial Information” in the Investor Relations section of our website at http://ir.greendot.com/.

About Green Dot

Green Dot is a leading prepaid financial services company providing simple, low-cost and convenient money management solutions to a broad base of U.S. consumers. Green Dot also owns and operates the Green Dot Network, the nation’s leading prepaid card reload network. Green Dot products are available online at www.greendot.com and at approximately 55,000 retail stores, including Walmart, Walgreens, CVS, Rite Aid, 7-Eleven, Kroger, Kmart, Meijer, and Radio Shack. Green Dot is headquartered in the greater Los Angeles area. For more details, visit www.greendot.com.

Contacts

Investor Relations
Don Duffy, 626-739-3942
IR@greendot.com
Media Relations
Liz Brady, 646-277-1226

GREEN DOT CORPORATION
CONSOLIDATED BALANCE SHEETS

		December 31, 2010				December 31, 2009
		(unaudited)
		(in thousands, except par value)
Assets
Current assets:
Unrestricted cash and cash equivalents		$	167,503			$	56,303
Settlement assets			19,968				42,569
Accounts receivable, net			33,412				29,157
Prepaid expenses and other assets			8,608				7,262
Income taxes receivable			15,004				5,452
Net deferred tax assets			5,398				4,634
Total current assets			249,893				145,377
Restricted cash			5,135				15,381
Accounts receivable, net			2,549				1,130
Prepaid expenses and other assets			643				1,047
Property and equipment, net			18,034				11,973
Deferred expenses			9,504				8,200
Total assets		$	285,758			$	183,108
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable and accrued liabilities		$	17,625			$	9,777
Settlement obligations			19,968				42,569
Amounts due to card issuing banks for overdrawn accounts			35,068				23,422
Other accrued liabilities			21,633				13,916
Deferred revenue			17,214				15,048
Total current liabilities			111,508				104,732
Other accrued liabilities			3,737				2,761
Deferred revenue			44				97
Net deferred tax liabilities			5,338				4,154
Total liabilities			120,627				111,744
Stockholders’ equity:
Convertible preferred stock, $0.001 par value: 5,000 shares authorized as of December 31, 2010, 25,554 shares authorized as of December 31, 2009; no shares issued and outstanding as of December 31, 2010, 24,942 shares issued and outstanding as of December 31, 2009; liquidation preference of $0 and $31,322 as of December 31, 2010 and 2009, respectively			—				31,322
Class A common stock, $0.001 par value; 100,000 shares authorized as of December 31, 2010, no shares authorized as of December 31, 2009; 14,762 shares issued and outstanding as of December 31, 2010, no shares issued and outstanding as of December 31, 2009			13				—
Class B convertible common stock, $0.001 par value, 100,000 shares authorized as of December 31, 2010, 50,000 shares authorized as of December 31, 2009; 27,091 and 12,860 shares issued and outstanding as of December 31, 2010 and 2009, respectively			27				13
Additional paid-in capital			95,433				12,603
Retained earnings			69,658				27,426
Total stockholders’ equity			165,131				71,364
Total liabilities and stockholders’ equity		$	285,758			$	183,108

GREEN DOT CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)

		Three months ended								Twelve Months Ended
		December 31,								December 31,
		2010				2009				2010				2009
		(in thousands, except per share data)
Operating revenues:
Card revenues		$	42,397			$	30,779			$	167,375			$	123,790
Cash transfer revenues			27,872				19,132				101,502				68,515
Interchange revenues			27,274				19,651				108,380				66,205
Stock-based retailer incentive compensation*			(5,696	)			—				(13,369	)			—
Total operating revenues			91,847				69,562				363,888				258,510
Operating expenses:
Sales and marketing expenses			35,113				19,689				122,890				72,119
Compensation and benefits expenses			19,628				18,470				70,102				51,297
Processing expenses			13,847				10,943				56,978				38,035
Other general and administrative expenses			10,602				8,779				44,599				27,500
Total operating expenses			79,190				57,881				294,569				188,951
Operating income			12,657				11,681				69,319				69,559
Interest income			96				77				365				256
Interest expense			(4	)			—				(52	)			(4	)
Income before income taxes			12,749				11,758				69,632				69,811
Income tax provision			4,811				4,903				27,400				29,247
Net income		$	7,938			$	6,855			$	42,232			$	40,564
Dividends, accretion, and allocated earnings of preferred stock			—				(4,591	)			(14,659	)			(27,459	)
Net income allocated to common stockholders		$	7,938			$	2,264			$	27,573			$	13,105
Basic earnings per common share:
Class A common stock		$	0.19			$	—			$	1.06			$	—
Class B common stock		$	0.19			$	0.18			$	1.06			$	1.08
Basic weighted-average common shares issued and outstanding
Class A common stock			7,541				—				2,980				—
Class B common stock			31,548				12,330				21,589				12,118
Diluted earnings per common share:
Class A common stock		$	0.18			$	—			$	0.98			$	—
Class B common stock		$	0.18			$	0.15			$	0.98			$	0.84
Diluted weighted-average common shares issued and outstanding
Class A common stock			42,218				—				27,782				—
Class B common stock			34,667				15,497				24,796				15,540

GREEN DOT CORPORATION
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)

		Twelve Months Ended
		December 31,
		2010				2009
		(in thousands)
Operating activities
Net income		$	42,232			$	40,564
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization			7,588				4,961
Provision for uncollectable overdrawn accounts			46,093				25,074
Employee stock-based compensation			7,256				8,292
Stock-based retailer incentive compensation			13,369				—
Provision (benefit) for uncollectible trade receivables			(13	)			154
Impairment of capitalized software			409				392
Deferred income taxes			(704)				1,942
Excess tax benefits on the exercise of employee stock options			(24,842	)			(1,866	)
Changes in operating assets and liabilities:
Settlement assets			22,601				(16,834	)
Accounts receivable			(51,754	)			(35,617	)
Prepaid expenses and other assets			(1,042	)			(3,215	)
Deferred expenses			(1,304	)			(1,842	)
Accounts payable and accrued liabilities			16,042				10,830
Settlement obligations			(22,601	)			16,834
Amounts due issuing bank for overdrawn accounts			11,646				9,907
Deferred revenue			2,113				2,634
Income taxes payable (receivable)			16,414				(6,528	)
Net cash provided by operating activities			83,503				55,682
Investing activities
Decrease (increase) in restricted cash			10,246				(13,043	)
Payments for acquisition of property and equipment			(13,459	)			(9,178	)
Net cash used in investing activities			(3,213	)			(22,221	)
Financing activities
Repayments on line of credit			—				(77	)
Borrowings from line of credit			—				77
Excess tax benefits on the exercise of employee stock options			24,842				1,866
Proceeds from exercise of warrants and employee stock options			6,068				990
Exercise of call option on warrants			—				(1,958	)
Redemption of preferred and common shares			—				(617	)
Proceeds from repayment of related party notes receivable			—				5,869
Net cash provided by financing activities			30,910				6,150
Net increase in unrestricted cash and cash equivalents			111,200				39,611
Unrestricted cash and cash equivalents, beginning of year			56,303				16,692
Unrestricted cash and cash equivalents, end of year		$	167,503			$	56,303
Cash paid for interest		$	42			$	42
Cash paid for income taxes		$	14,282			$	34,041

GREEN DOT CORPORATION
Reconciliation of Total Operating Revenues to Non-GAAP Total Operating Revenues (1)
(Unaudited)

		Three months ended								Twelve Months Ended
		December 31,								December 31,
		2010				2009				2010				2009
		(in thousands)
Reconciliation of total operating revenues to non-GAAP total operating revenues
Total operating revenues		$	91,847			$	69,562			$	363,888			$	258,510
Stock-based retailer incentive compensation (2)(3)			5,696				—				13,369				—
Non-GAAP total operating revenues		$	97,543			$	69,562			$	377,257			$	258,510

Reconciliation of Net Income to Non-GAAP Net Income (1)
(Unaudited)

		Three months ended								Twelve Months Ended
		December 31,								December 31,
		2010				2009				2010				2009
						(in thousands, except per share data)
Reconciliation of net income to non-GAAP net income
Net income		$	7,938			$	6,855			$	42,232			$	40,564
Employee stock-based compensation expense, net of tax (4)			1,252				3,678				4,401				4,818
Stock-based retailer incentive compensation, net of tax (2)			3,547				—				8,108				—
Non-GAAP net income		$	12,736			$	10,533			$	54,741			$	45,382
Diluted earnings per share*
GAAP		$	0.18			$	0.15			$	0.98			$	0.84
Non-GAAP		$	0.29			$	0.26			$	1.27			$	1.12
Diluted weighted-average shares issued and outstanding**
GAAP			42,218				15,497				27,782				15,540
Non-GAAP			44,200				40,439				42,978				40,513

Reconciliation of GAAP to Non-GAAP Diluted Weighted-Average
Shares Issued and Outstanding (1)
(Unaudited)

		Three Months Ended								Twelve Months Ended
		December 31,								December 31,
		2010				2009				2010				2009
		(in thousands)
Reconciliation of GAAP to non-GAAP diluted weighted-average shares issued and outstanding
Diluted weighted-average shares issued and outstanding*			42,218				15,497				27,782				15,540
Assumed conversion of weighted-average shares of preferred stock			—				24,942				13,803				24,973
Weighted-average shares subject to repurchase			1,982				—				1,393				—
Non-GAAP diluted weighted-average shares issued and outstanding			44,200				40,439				42,978				40,513

GREEN DOT CORPORATION
Supplemental Detail on Non-GAAP Diluted Weighted-Average
Shares Issued and Outstanding
(Unaudited)

		Three Months Ended								Twelve Months Ended
		December 31,								December 31,
		2010				2009				2010				2009
		(in thousands)
Supplemental detail on non-GAAP diluted weighted-average shares issued and outstanding
Stock outstanding as of December 31:
Class A common stock			14,762				—				14,762				—
Class B common stock			27,091				12,860				27,091				12,860
Preferred stock			—				24,942				—				24,942
Total stock outstanding as of December 31			41,853				37,802				41,853				37,802
Weighting adjustment			(782	)			(530	)			(2,088	)			(711	)
Dilutive potential shares:
Stock options			3,120				2,903				3,061				2,922
Warrants			—				264				146				500
Employee stock purchase plan			9				—				6				—
Non-GAAP diluted weighted-average shares issued and outstanding			44,200				40,439				42,978				40,513

Reconciliation of Net Income to Adjusted EBITDA (1)
(Unaudited)

		Three months ended								Twelve Months Ended
		December 31,								December 31,
		2010				2009				2010				2009
		(in thousands)
Reconciliation of net income to adjusted EBITDA
Net income		$	7,938			$	6,855			$	42,232			$	40,564
Interest income, net			(92	)			(77	)			(313	)			(252	)
Income tax expense			4,811				4,903				27,400				29,247
Depreciation and amortization			2,183				1,409				7,588				4,961
Employee stock-based compensation expense (3)(4)			2,010				6,309				7,256				8,292
Stock-based retailer incentive compensation (2)(3)			5,696				—				13,369				—
Adjusted EBITDA		$	22,546			$	19,399			$	97,532			$	82,812
Non-GAAP total operating revenues		$	97,543			$	69,562			$	377,257			$	258,510
Adjusted EBITDA/non-GAAP total operating revenues (adjusted EBITDA margin)			23.1	%			27.9	%			25.9	%			32.0	%

(1)

To supplement the Company’s consolidated financial statements presented in accordance with GAAP, the Company uses measures of operating results that are adjusted to exclude various, primarily non-cash, expenses and charges. These financial measures are not calculated or presented in accordance with GAAP and should not be considered as alternatives to or substitutes for operating revenues, operating income, net income or any other measure of financial performance calculated and presented in accordance with GAAP. These financial measures may not be comparable to similarly-titled measures of other organizations because other organizations may not calculate their measures in the same manner as we do. These financial measures are adjusted to eliminate the impact of items that the Company does not consider indicative of its core operating performance. You are encouraged to evaluate these adjustments and the reasons we consider them appropriate.

The Company believes that the non-GAAP financial measures it presents are useful to investors in evaluating the Company’s operating performance for the following reasons:

	•		stock-based retailer incentive compensation is a non-cash GAAP accounting charge that is an offset to the Company’s actual revenues from operations as the Company has historically calculated them. This charge results from the monthly lapsing of the Company’s right to repurchase a portion of the 2,208,552 shares it issued to its largest distributor, Walmart, in May 2010. By adding back this charge to the Company’s GAAP 2010 and future total operating revenues, investors can make direct comparisons of the Company’s revenues from operations prior to and after May 2010 and thus more easily perceive trends in the Company’s core operations. Further, because the monthly charge is based on the then-current fair market value of the shares as to which the Company’s repurchase right lapses, adding back this charge eliminates fluctuations in the Company’s operating revenues caused by variations in its month-end stock prices and thus provides insight on the operating revenues directly associated with those core operations;
	•		the Company records employee stock-based compensation from period to period, and recorded employee stock-based compensation expenses of approximately $2.0 million and $6.3 million for the three months ended December 31, 2010 and 2009, respectively, and approximately $7.3 million and $8.3 million for the twelve months ended December 31, 2010 and 2009, respectively. By comparing the Company’s adjusted EBITDA, non-GAAP net income and non-GAAP diluted earnings per share in different historical periods, investors can evaluate the Company’s operating results without the additional variations caused by employee stock-based compensation expense, which is not comparable from period to period due to changes in the fair market value of the Company’s Class A common stock (which is influenced by external factors like the volatility of public markets and the financial performance of the Company’s peers) and is not a key measure of the Company’s operations;
	•		adjusted EBITDA is widely used by investors to measure a company’s operating performance without regard to items, such as interest expense, income tax expense, depreciation and amortization, employee stock-based compensation expense, and stock-based retailer incentive compensation expense, that can vary substantially from company to company depending upon their respective financing structures and accounting policies, the book values of their assets, their capital structures and the methods by which their assets were acquired; and
	•		securities analysts use adjusted EBITDA as a supplemental measure to evaluate the overall operating performance of companies.

The Company’s management uses the non-GAAP financial measures:

	•		as measures of operating performance, because they exclude the impact of items not directly resulting from the Company’s core operations;
	•		for planning purposes, including the preparation of the Company’s annual operating budget;
	•		to allocate resources to enhance the financial performance of the Company’s business;
	•		to evaluate the effectiveness of the Company’s business strategies; and
	•		in communications with the Company’s board of directors concerning the Company’s financial performance.

The Company understands that, although adjusted EBITDA and other non-GAAP financial measures are frequently used by investors and securities analysts in their evaluations of companies, these measures have limitations as an analytical tool, and you should not consider them in isolation or as substitutes for analysis of the Company’s results of operations as reported under GAAP. Some of these limitations are:

	•		that these measures do not reflect the Company’s capital expenditures or future requirements for capital expenditures or other contractual commitments;
	•		that these measures do not reflect changes in, or cash requirements for, the Company’s working capital needs;
	•		that these measures do not reflect interest expense or interest income;
	•		that these measures do not reflect cash requirements for income taxes;
	•		that, although depreciation and amortization are non-cash charges, the assets being depreciated or amortized will often have to be replaced in the future, and these measures do not reflect any cash requirements for these replacements; and
	•		that other companies in the Company’s industry may calculate these measures differently than the Company does, limiting their usefulness as comparative measures.

	(2)		This expense consists of the recorded fair value of the shares of Class A common stock for which the Company’s right to repurchase has lapsed pursuant to the terms of the May 2010 agreement under which they were issued to Walmart Stores, Inc., a contra-revenue component of the Company’s total operating revenues. Prior to the three months ended June 30, 2010, the Company did not record stock-based retailer incentive compensation expense. The Company will, however, continue to incur this expense through May 2015. In future periods, the Company does not expect this expense will be comparable from period to period due to changes in the fair value of its Class A common stock. The Company will also have to record additional stock-based retailer incentive compensation expense to the extent that a warrant to purchase its Class B common stock vests and becomes exercisable upon the achievement of certain performance goals by PayPal. The Company does not believe these non-cash expenses are reflective of ongoing operating results.
	(3)		The Company does not include any income tax impact of the associated non-GAAP adjustment to non-GAAP total operating revenues or adjusted EBITDA, as the case may be, because each of these non-GAAP financial measures is provided before income tax expense.
	(4)		This expense consists primarily of expenses for employee stock options. Employee stock-based compensation expense is not comparable from period to period due to changes in the fair market value of the Company’s Class A common stock (which is influenced by external factors like the volatility of public markets and the financial performance of the Company’s peers) and is not a key measure of the Company’s operations. The Company excludes employee stock-based compensation expense from its non-GAAP financial measures primarily because it consists of non-cash expenses that the Company does not believe are reflective of ongoing operating results. Further, the Company believes that it is useful to investors to understand the impact of employee stock-based compensation to its results of operations.