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Amazon dropped plan for checking accounts - report

Nov. 15, 2019 3:58 PM ETAmazon.com, Inc. (AMZN) StockAMZNBy: Brandy Betz, SA News Editor14 Comments
  • Amazon (AMZN -1%) scrapped its plans for branded checking accounts in the early stages, according to The Information sources.
  • The tech giant explored a partnership with banks, but Amazon reportedly told JPMorgan it canceled because it didn't want to become subject to banking regulations.
  • Related: Earlier this week, Google confirmed it will soon offer checking accounts to users.

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