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The largest retailer in America is preparing a foray into banking. The New York Times reports that Wal-Mart Stores Inc. (NYSE: WMT) is teaming up with prepaid payment firm Green Dot to offer checking accounts to customers over the age of 18. The offering is a suitable alternative for Americans with subprime level credit, as the services offer a low-cost alternative to traditional bank accounts, including zero fees for overdrafts or bounced checks. The account fee of $8.95 per month will also be waived if a customer maintains a balance of $500 or more.