Wal-Mart, Amex launch Bluebird bank account alternative

Oct 8 (Reuters) - Wal-Mart Stores Inc and AmericanExpress Co are teaming up to offer customers analternative to debit and checking accounts, the companies saidon Monday.

The product, called Bluebird, will allow for deposits bysmartphone and mobile bill paying, with no minimum balance,monthly, annual or overdraft fees.

Bluebird will be available next week online and in more than4,000 Walmart stores in the United States, they said.

(Reporting By Martinne Geller in New York; Editing by Gerald E.McCormick)

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Keywords: WALMART AMEX/