Goldman Sachs is reportedly considering further delay of its planned online checking accounts for consumers. The company’s consumer banking arm has struggled for a year to develop the accounts and is seeing growing losses in its online platform called Marcus, Bloomberg reported Wednesday (Aug. 24)....
It was the gasp heard ‘round the world last week. Google confirmed that it will partner with Citi and Stanford Federal Credit Union to launch a checking account linked to Google Pay sometime next year. Media outlets and pundits have chalked this up to Google...
Wealthfront’s new cash accounts have brought in $1 billion in customer deposits since the company launched the offering in February. The accounts give customers a higher-than-average, 2.24 percent interest rate. Now, because of the company’s billion-dollar achievement, Wealthfront is raising the interest rates to 2.29 percent. “Once...
New data shows that more Americans are holding money in their checking accounts, a sign that they don’t feel as secure as they would like about the economy. Moebs Services, an Illinois-based economic research firm, found that the average consumer’s checking account balance has increased...
November 16, 2023
Santander has introduced a checking account designed to help customers avoid overdrafts. The bank’s Essential Checking account, announced Thursday (Nov. 16), lets consumers spend what they have without the risk of overdrafting or being charged associates fees. Santander said in a news release that the account does this by “eliminating overdrafts and including a $4 monthly fee […]
August 24, 2022
Goldman Sachs is reportedly considering further delay of its planned online checking accounts for consumers. The company’s consumer banking arm has struggled for a year to develop the accounts and...
April 24, 2019
Wealthfront’s new cash accounts have brought in $1 billion in customer deposits since the company launched the offering in February. The accounts give customers a higher-than-average, 2.24 percent interest rate. Now,...
May 07, 2018
New data shows that more Americans are holding money in their checking accounts, a sign that they don’t feel as secure as they would like about the economy. Moebs Services,...
