Bob Jain & Evaluation Of Walmart's Gobank Process
It goes without saying that just about everyone knows what Walmart is. Even those who have never stepped foot into one of their stores will be able to recognize the name once they hear it. Even though Walmart has been known for its broad array of goods, it seems as though it will be getting into the financial sector by the end of this month. If you are curious as to what this means - and Bob Jain will be able to cover this in detail - consider just one name: GoBank.
It's recently been reported that Walmart will be offering its consumers a checking account system with seemingly low rates compared to competitors. The way that this system will be done is through GoBank, which - according to Walmart - will not hinder clients with overdraft fees or even high fees in general. It's a strong talking point, to say the least, and it's one that should drive current Walmart customers. However, there are a few details for the inquisitive audience to focus on as well.
Yahoo! Finance covered some of the other important details, amongst being the fees associated with this endeavor. If you'd like to know, the starting kit itself will cost $2.95; this will include a single debit card for consumer use. In addition, after an account has been open, a minimum $20 fee will be required by Walmart. It seems like these are a few barriers to get through and I'm sure that it raises the question of, "Is this system worth it for Walmart to pursue?"
I believe that Walmart's GoBank endeavor has a few aspects working against it, one of them being the fact that the system itself is relatively new. People may look at this with hesitation, since no one wants to be the guinea pig when trying out the new proverbial toy. Bob Jain may also cover the idea that there are other options out there, those which are more established by comparison. Competition will be fierce, in the financial realm, and authorities like Robert Jain Credit Suisse will not disagree.
Even if these prove to be deal-breakers for some, they may not be tremendous deals to others. In a case like this, I believe that it is important to wait and see what others have to say about the system in question. Keep in mind that there will be reviews on all types of financial pieces, whether they are related to banking or not. Walmart's GoBank endeavor will be no different, so it's wise to wait and wait for critiques before any kind of investment is made in this system.
It's recently been reported that Walmart will be offering its consumers a checking account system with seemingly low rates compared to competitors. The way that this system will be done is through GoBank, which - according to Walmart - will not hinder clients with overdraft fees or even high fees in general. It's a strong talking point, to say the least, and it's one that should drive current Walmart customers. However, there are a few details for the inquisitive audience to focus on as well.
Yahoo! Finance covered some of the other important details, amongst being the fees associated with this endeavor. If you'd like to know, the starting kit itself will cost $2.95; this will include a single debit card for consumer use. In addition, after an account has been open, a minimum $20 fee will be required by Walmart. It seems like these are a few barriers to get through and I'm sure that it raises the question of, "Is this system worth it for Walmart to pursue?"
I believe that Walmart's GoBank endeavor has a few aspects working against it, one of them being the fact that the system itself is relatively new. People may look at this with hesitation, since no one wants to be the guinea pig when trying out the new proverbial toy. Bob Jain may also cover the idea that there are other options out there, those which are more established by comparison. Competition will be fierce, in the financial realm, and authorities like Robert Jain Credit Suisse will not disagree.
Even if these prove to be deal-breakers for some, they may not be tremendous deals to others. In a case like this, I believe that it is important to wait and see what others have to say about the system in question. Keep in mind that there will be reviews on all types of financial pieces, whether they are related to banking or not. Walmart's GoBank endeavor will be no different, so it's wise to wait and wait for critiques before any kind of investment is made in this system.
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posted by Vittoria @ October 28, 2014
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