(Reuters) – Wells Fargo & Co on Thursday unveiled a new bank account that can be opened without walking into a branch, used within minutes, and does not allow for overdrafts.
FILE PHOTO: A Wells Fargo logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. Picture taken October 19, 2017. REUTERS/Chris Helgren
The product is called ‘Greenhouse’ and set to launch in the first half of 2018, according to Avid Modjtabai, Senior EVP and Head of Payments, Virtual Solutions and Innovation, who made the announcement during a presentation at an industry conference in Boston.
Reporting by Dan Freed in New York; Editing by Chizu Nomiyama
