Wal-Mart Stores Inc. plans to begin offering checking accounts by the end of next month that doesn't charge overdraft fees, in contrast to the independent banks currently housed within the retail giant.

The world's largest retailer and partner Green Dot Corp. are planning a national rollout of the checking account service that will be called GoBank. Green Dot, through its Green Dot Bank, is big provider of prepaid debit cards—including Wal-Mart's.

In addition to touting lower costs, the GoBank mobile checking service will provide access for customers that may not typically have access to banks. GoBank won't use credit scores in determining eligibility, but it instead plans to use its own proprietary underwriting methods to allow just about any customer that passes ID verification to open an account.

The accounts won't have a minimum balance requirement or overdraft fees. A monthly membership fee of $8.95 will be waived for qualified customers with direct deposits of at least $500 a month. The accounts will include mobile features such as the ability to instantly send money via email or texting and come with a linked MasterCard Inc. debit card.

Green Dot shares got a boost from the news, rising as much as 15% Wednesday.

Meanwhile, customers of independent banks located within Wal-Mart's retail outlets are among America's highest payers of bank fees—a large chunk of which come from overdraft charges. Some of the leading banks at Wal-Mart also pitch accounts to people who otherwise might not have access to banks, including those with bad credit histories.

Several years ago, Wal-Mart itself had aimed to get into the banking business. The retailer dropped a bid for its own banking charter in 2007.

Somebody check Satoshi's wallets!

ah all that talk about manipulation

bitcoin is still overpriced right now, we are still in a correction after last winter

There are way better alt coins for that.