Walmart Offers Checking Account with No Overdraft Fees Ever!

In October, Walmart will officially offer full service checking accounts!  They are doing it with their business partner Green Dot which operates a bank called Go! Bank.  Its key offer to consumers is no overdraft fees ever, not even return check charges.  You can see the GoBank online video by clicking here promoting no overdraft fees ever.

This is just one more example of non-banks, prepaid cards and neo banks promoting no overdraft fees.  Research shows 70% of consumers are “very concerned” about overdraft fees and particularly Millennials are using alternatives to avoid overdraft fees.

Yet no banks in the country offer a checking accounts with no overdraft fees ever, not even return check charges, except our clients!  Check how PaySound^® can drive revenues, relationships and payment relevance to your bank.