NEW YORK, Sept. 24 (UPI) -- Retail giant Walmart is teaming up with prepaid payment card merchant Green Dot to sell low-cost, easy-approval checking accounts.
The accounts will carry the name GoBank and will include a MasterCard debit card. The checking account will bear no minimum balance fees, overdraft charges or monthly fees as long as they have $500 placed in the account via direct deposit. If a customer does not meet the minimum deposit monthly, a fee of $8.95 will be charged.