The retail giant Walmart teams up with Green Dot Bank to introduce a checking account service that will be connected to the customer's MasterCard debit card and make it easier for them to pay at Walmart stores. The checking accounts will be available in Walmart on Oct. Customers will have to pay $8.95 a month but can forgo the fee by shelling out a one-time direct deposit of $500. The checking accounts also do not reportedly charge for overdraft and not maintaining minimum balance. Customers can also access and withdraw their money from 42,000 ATMS spread across the U.S. without any withdrawal fees. "GoBank is breaking down the barriers to traditional banking and brings the benefits of a FDIC-insured checking account that's loaded with features to a large segment of Americans," said Green Dot CEO Steve Streit in a statement. Walmart has expanded its services ranging from health care clinics, tax service sand money transfers for the past few years.