|By HIROKO TABUCHI and JESSICA SILVER-GREENBERG|
Here comes Wal-Bank again.
After years of thwarted efforts to break into banking,
In comparison, a basic checking account at Citibank charges
GoBank, as the service is known, is part of Walmart’s long-running push into financial services for people with little or no access to traditional banking. In recent years, many banks have reduced services to those with weak credit. According to the
Consumer advocates say that many people without checking accounts are forced into the financial hinterlands, where they have little choice but to turn to costly alternatives for basic transactions. Fees for these services can quickly add up, making saving even more difficult.
In two neighborhoods in the
In an uneven economic recovery,
But the new
In the past,
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|Source:||New York Times Digital|