Between Occupy Wall Street and the backlash against Bank of Amerca's proposed debit-card fees, it seems that people don't really like banks that much nowadays, though we suspect that those institutions usually have approval ratings similar to the airlines.
So who are some people turning to for their banking needs? Walmart.
It turns out one of the world's most gigatic corporations offers customers a pretty good deal with the expansion of its Money Centers. You can cash a $300 to $1000 check at Walmart for a 3% fee. The retailer offers pay-as-you-go debit cards for a $3 one-time fee and an additional $3 per month service fee.
It makes us wonder if Walmart, which can't offer loans and others services that a normal bank supplies, will try to delve deeper into the banking world. It decided not to go that route in 2007 after cricism from lawmakers and other groups. But now that disdain for banks is at an all-time high, maybe it's a good time for Walmart to get back into the fray?
What could possibly be next? Health care at Walmart?
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