This article is making a much bigger deal out of this than it is. Walmart has entered into a marketing agreement with GoBank prepaid cards. You can already ge

This article is making a much bigger deal out of this than it is. Walmart has entered into a marketing agreement with GoBank prepaid cards. You can already get one at gobank.com, sans Walmart. It offers some, but certainly not all, of the benefits of a checking account. For starters, they don't give their customers checks (so it's not a checking account). These accounts cannot send or receive wire transfers (though they can receive direct deposit or any other ACH-based credit, such as those from PayPal). It also supports ACH debit, and it has a form of of a bill pay service that uses PayPal to pay any phone number or email address. You can also have the service print and send a physical check directly to anyone, but I believe it takes more than a week. Calling it a checking account is a misnomer at best.