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Walmart To Offer Checking Accounts04:08Download

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A worker pulls a line of shopping carts toward a Walmart store in North Kingstown, R.I. in November 2012. (Steven Senne/AP)MoreCloseclosemore
A worker pulls a line of shopping carts toward a Walmart store in North Kingstown, R.I. in November 2012. (Steven Senne/AP)

The country's largest retailer is getting into banking.

Walmart is teaming up with Green Dot Bank, known for pre-paid credit and debit cards, to offer low price checking accounts starting this October.

Walmart will effectively act as bank branches for GoBank, the mobile banking platform backed by Green Dot Bank. Will Walmart succeed and what would that mean for the nation's banking system?

CNN's Maggie Lake joins Here & Now's Robin Young to discuss Walmart's new business venture.

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This segment aired on September 24, 2014.

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