Amazon considers offering a checking account

Amazon is reportedly in talks with big banks to build a checking-account-like product.

The Wall Street Journal reports the Seattle based e-commerce giant is working on a product that would appeal to younger customers and those without bank accounts.

People familiar with the matter told The Wall Street Journal the effort is still in its early stages and may not come to fruition.

Whatever its final form, the initiative wouldn’t involve Amazon becoming a bank, the people added.