Wal-Mart is providing different a la carte services for people such as cashing their checks, wire money, pay bills or even loading money to debit cards for lower fee than Banks at a flat rate of $3. A lot of people tends to close their bank accounts since they are charged with hidden fees and higher service fees. Wal-Mart are not banks but they provide basic service like most bank do.
This is very interesting to me how people learn to adapt and keep finding alternatives to be able to survive with a tight budget. Im looking forward to see how Wal-Mart money center evolved in the future.
I also found this article interesting. As a college student, I go to Wal-mart a lot and it think it was a smart decision on their part to include a bank. That way people decrease their shoe leather costs of going to the bank constantly and then can spend the income they have just received. I know when I cash a check, I rarely save all of it.
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