Wells Fargo unveils new digital account targeting Uber drivers

Reuters News
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Posted: Nov 02, 2017 10:23 AM

(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.

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.

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(Reporting by Dan Freed in New York; Editing by Chizu Nomiyama)