Goldman SachsThe long-awaited checking account has finally become a reality.

According to reports, the bank has increased internal testing to ensure that no-fee interest bearing accounts are available to its U.S. workers. Stephanie CohenCo-head global consumer and wealth management at Goldman Sachs.

Cohen told CNBC that this week, he granted beta access to all U.S. workers. As beta participants they will have access to the product’s new features and can share their feedback. … We hope this beta will be the start of something that we believe will become the main checking account for many millions of customers.

Goldman’s move to manage the American primary transaction hub was one of its more important steps to directly compete with giants retail like Bank of America Wells Fargo. The account was announced by Goldman in the first place. January 2020However, it was delayed in its publication as the company worked on its product roadmap. In 2016, the Marcus brand began offering savings and personal loans. Then, in 2016, the Apple Card was added to the portfolio. investment tools via a smartphone app.

According to CFO Denis Coleman to analysts, the bank will release the account later in the year.

Goldman did not disclose the interest rate that it offered on these accounts. However, a source with information said that it was likely to be comparable with online offers.