Seeking Alpha

More on Wal-Mart/AMEX's Bluebird (previous): By partnering with AXP, it appears WMT has made its...

More on Wal-Mart/AMEX's Bluebird (previous): By partnering with AXP, it appears WMT has made its move into banking (previously denied to it in the 90s by Greenspan, among others). On the conference call, it's indicated Bluebird will move into check-writing in 2013. Monthly fee $0, Set up fee $0, Direct Deposit fee $0. (PR)
Comments (4)
  • Must get'm on the transaction fee. Noway AXP is a cheaper solution.
    8 Oct 2012, 10:08 AM Reply Like
  • One might wager that some serious arm twisting for employees to take up this option will be applied. Given their management philosophy, at least all those who wish to progress in the company will have these accounts.
    8 Oct 2012, 10:30 AM Reply Like
  • Yea I'm sure its a conspiracy. Walmart doing something cheap is unheard of. They should run the health care system.
    8 Oct 2012, 01:28 PM Reply Like
  • With their cash flow, it makes perfect sense. However, knowing something of the corporation, the opportunity for corrupt practices is also a potential that should not be underestimated. They are not a group that works by the old school of fair practices, let us say.
    8 Oct 2012, 10:04 PM Reply Like
DJIA (DIA) S&P 500 (SPY)