Member Exclusive, New banks

Google to start offering bank accounts in 2021

  • Rumored for months, Google is launching bank accounts in partnership with banks.
  • BBVA, BankMobile, BMO, and Coastal Community are among the first banks announced in the program.
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Google to start offering bank accounts in 2021

Rumored for months, Google is indeed going to start offering digital bank accounts via Google Pay.

The new bank account: BBVA, BankMobile, Coastal Community Bank, and BMO have all announced this morning that they are collaborating with the search giant on a new checking account product.

  • When launched in 2021, the co-branded, FDIC-insured digital account will be offered via Google Pay and built on top of multiple banks’ infrastructure.
  • Google will provide the front-end UX and provide insights into spending and personal financial management options.


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1 comments on “Google to start offering bank accounts in 2021”

  • Google has figured out it’s smarter to partner with a multitude of banks as opposed to just a standalone bank – this affords them the ability to make more money.

    Google can provide banks with intuitive interfaces and the ability to make better use of customer data and client onboarding that will in turn enhance the consumer experience.

    In return, Google gets from banks security, reputation, and legal compliance experience that banks and financial institutions already are known for.

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