Wal-Mart: The un-bank | Arkansas Blog

Wal-Mart: The un-bank


Wal-Mart may not be allowed to get into banking in the U.S. But it's about to dramatically expand money center operations at U.S. stores. It also by the end of the year hopes to sell in all 4,000 stores prepaid and reloadable Visa debit cards (loadable, as a checking account is, with paychecks, cash or other direct deposits). The money centers cash checks, sell money orders, pay bills, transfer funds and do other so-called "nonbanking" services. Coming, too: mortgages, home equity loans, auto loans and insurance.

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