Walmart Banking May Help People Other Banks Won’t

When reading about this proposal for Walmart banking originally I took an attitude of wait-and-see.
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Here’s the New York Times story about Walmart’s new offering: “Walmart Prepares to Offer Low-Cost Checking Accounts.”

Here comes Wal-Bank.

After years of thwarted efforts to break into banking, Walmart is making its biggest foray yet into everyday financial services.

Walmart, the nation’s largest retailer, is teaming up with Green Dot, known for its prepaid payment cards, to supply checking accounts to almost anyone over 18 who passes an ID check.

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