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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