Amazon may soon offer customers a hybrid checking account

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Amazon may soon offer customers a hybrid checking account

Amazon may soon offer customers a hybrid checking account

You probably shop at Amazon for everything: kitchen utensils, office supplies, and if you're a member of Amazon Prime, household items like bathroom tissue and laundry detergent.

But even with all that control over your online shopping experience, Amazon is still trying to inject itself deeper into the process. Now, it appears that the company is positioning itself to inject itself into the financial side of things as well —potentially lording over your next checking account.

SEE ALSO: Amazon may open six new Amazon Go stores this year


According to a new report from the Wall Street Journal, Amazon is holding discussions with major banks such as JPMorgan Chase about creating a "hybrid-type checking account" to offer its customers. The story claims the unreleased product would target young customers and people without bank accounts. The product would be intended to help Amazon reduce fees it pays to financial institutions on every transaction and give the company better insights into customers' income and spending habits. Read more...

More about Amazon, Jpmorgan, Amazon Cash, Tech, and Consumer Tech

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