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September 25, 2014

Cash-strapped consumers get more banking options

  • Wal-Mart joins B of A and Citibank in offering checking accounts with lower fees and no charges for overdrafts.
    • By JOSEPH PISANI
    AP Business Writer

    NEW YORK — Wal-Mart is the latest company to get rid of fees that traditional banks charge customers who don't have enough money in their accounts to cover purchases.

    The world's largest retailer said Wednesday that it teamed up with Green Dot Corp., a company known for its reloadable prepaid cards, to bring mobile checking accounts to its shoppers. The accounts won't charge overdraft and bounced-check fees.


     
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