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.
close

Email a Friend

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.


This content is available exclusively to Tearsheet Outlier members.

Tearsheet Outlier information and signup Missing out? Subscribe today and you’ll receive unlimited access to all Tearsheet content, original research, exclusive webinars and events, member-only newsletters from Tearsheet editors and reporters and much more. Join Outlier now — $59/mo Already an Outlier member? Sign in to your account

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

Outlier OpinionsMakers

New banks

Midwest BankCentre shows how community banks can compete with new players

  • Midwest BankCentre launched Rising Bank to grow its deposits by $200 million in two years.
  • Embedded finance is expected to generate about $230 billion in revenue over the next five years.
Shehzil Zahid | July 21, 2021
New banks

Remitly targets U.S. immigrants with new banking features in its Passbook app

  • Remitly has launched several new digital banking features in its Passbook app.
  • Features include early access to pay, instant P2P payments, and immediate Visa debit card access.
Ismail Umar | July 12, 2021
New banks

Family matters with Family Money: Verizon’s new financial app for kids

  • Family Money is a financial literacy app for kids aged 8-17
  • The app fits in with Verizon’s other family-focused products and services.
Shehzil Zahid | July 01, 2021
New banks

‘The platform has to be as malleable as the families that use it’: How Till banks families of all kinds

  • Till is stepping into the booming field of family banking with plans to become financial training wheels for kids.
  • But defining what a family actually is is no easy feat.
Rivka Abramson | June 28, 2021
Member Exclusive, New banks

Why adding video to U.S. Bank’s co-browse feature is expected to quadruple usage in 2021

  • U.S. Bank has added live video functionality to its co-browsing feature.
  • New options include screen sharing with live video and virtual appointments.
Ismail Umar | June 21, 2021
More Articles