NYT: The nation’s largest retailer is partnering with Green Dot to supply low-cost checking accounts to anyone over 18 who passes an ID check.
NYT: The nation’s largest retailer is partnering with Green Dot to supply low-cost checking accounts to anyone over 18 who passes an ID check.
Daniel Eckert, senior vice president at Walmart, said on Tuesday that the accounts would be available nationwide by the end of October. The accounts are intended to be low-cost alternatives to traditional bank checking accounts, with no fees for overdrafts or bounced checks and no minimum account balance.
In comparison, a basic checking account at Citibank charges $12 if a check is returned and $34 for overdrafts.
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