[briandear]

"Steal business from local banks.."

Ok if the local banks are serving their communities well then why would Wal Mart even have a market opportunity here? Clearly local banks aren't serving the community or else Wal Mart's efforts would be redundant.

[kainolophobia]

What I'm trying to say is that Walmart isn't actually providing much value over the local bank, as the consumer costs are astronomical in comparison to the average account balance. The whole notion that they're helping the person "save" while charging these fees is ludicrous; and this is what the article is purporting.

You are correct though, local banks aren't necessarily helping people save either, especially those who are living paycheck to paycheck.