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Wal-Mart Stores Inc. (WMT) reached a deal with prepaid-card firm Green Dot Corp. (GDOT) to offer checking accounts to the retailer's customers, building on an expansion into financial services that U.S. banks have sought to block.
September 24 -
The banks involved in Apple's mobile payment platform cite the enhanced security, intuitive user experience and brand name. Even if they sacrifice fees, they could make it up on volume.
September 10 -
After four straight quarters of declines, Citigroup's fixed-income revenue a major income source for its investment banking arm is stabilizing, chief financial officer John Gerspach said Monday.
September 8
Add Citigroup to the growing list of banks that are offering all-digital, no-fee checking accounts.
The company's new "Access Account," launched this week, includes no overdraft fees and no paper checks. Customers can also waive a $10 monthly service by maintaining an average balance of $1,500 or by using direct deposit or bill pay at least once per statement period.
"Many customers, particularly those active with our online or mobile banking options, no longer have a need for paper checks," Will Howle, Citi's head of retail banking, said in a press release. "At the same time, we know many customers are also looking for the reassurance that will come with an account that eliminates overdraft fees."
