The new Walmart productwill be the first full-blown, off-the-shelf checking account. Walmart and Green Dot will forgo Chex Systems which many banks use to vet potential customers to allow almost any consumer who passes an identification check to open an account in minutes, according to Green Dot.
The cost will be $8.95 a month but those with direct deposit and more than $500 a month in deposits won't see any fee.
