Bluebird by American Express is one of the latest banking alternatives that lives exclusively online. Yet unlike ING, GoBank and other Internet-based banks, it simply provides a basic account, issues a debit card and even a book of checks for a small cost. With no monthly fees, overdraft fees, or minimum balance requirements, that is not something a person would scoff at.
Partnered with Walmart to make certain transactions, such as placing a deposit, easier, Bluebird by American Express is completely branch-less. A person can also open up at many as four sub-accounts, which can be used to separate expenses or to share an account with family members. With a points reward system and the ability to conduct regular banking transactions, it is poised to be a great alternative.