PayPal Chime New Checking Accounts Bank of America Wells Fargo

OBSERVATIONS FROM THE FINTECH SNARK TANK

A new study from Cornerstone Advisors, looking at who Americans open checking accounts with, underscores the growth of digital banks and fintechs like Chime, PayPal, and Square—and the decline of megabanks like Bank of America, JPMorgan Chase, and Wells Fargo.

What’s going on in the checking account market?