Walmart To Offer Checking Accounts04:08
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A Walmart store in North Kingstown, R.I. (Steven Senne/AP)
A Walmart store in North Kingstown, R.I. (Steven Senne/AP)
This article is more than 5 years old.

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.

Guest

This segment aired on September 24, 2014.

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