Walmart Wants You Created by m.moebs on 8/8/2022 1:53:37 PM
Walmart is the dominant consumer checking portfolio.
At 101 Million Checking accounts Walmart has 33M more checking than Number Two, Bank of America!
Read below how this happened, what Walmart offers and how to beat them.
Walmart is Number One in Consumer Checking, & Profitable Too!
Lake Forest, IL (August 7, 2022) Walmart is opening about 9,000 checking accounts per day nationwide. With 101+ Million accounts Walmart’s runner up, Bank of America is 33 million accounts behind. Is all of this possible? The following table says yes.
Number One in Consumer Checking Market Share
There are +873 Million checking accounts in the nation. Walmart ranks 11.6%.
Bank of America is 2nd with 7.8%. Take out business accounts, most of which are self-employed and small businesses, and 5 out of 8 accounts are consumer. Of only all consumer accounts Walmart has 18.7% market share. Reduce consumer FIs to those with one million or more checking accounts and Walmart has 25.3% market share. READ FULL ARTICLE