Google wants to be your checking account

Google will offer checking accounts starting next year.

This move by Google will place it alongside other financial services associated with large technology companies. The service will have an association with banking entities and will start operating from next year.

Google will offer them, but will not handle them

Although Google will be the one offering checking accounts for their consumers, financial activities and account management will be done by their partners. This project, which they have nicknamed "Cache", already has the support of Citigroup and Stanford Federal Credit Union, who seek to attract a new younger clientele that prefers to carry out business activities from the internet.

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