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Here comes the Bank of Walmart

Walmart is teaming up with Green Dot to establish a new financial service. Walmart is planning to supply checking accounts to valid customer by collaborating with Green Dot, known for its prepaid payment cards. Walmart is positioning the service as a low cost alternative to traditional banking.

Walmart intends not to charge fees for overdrafts and bounced checks and remove the requirement of any minimum balance. The accounts, branded ...

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