Officials with e-commerce giant Amazon are in talks with big banks to build a checking account-like product, according to a report from The Wall Street Journal.
The newspaper reported Monday that the Seattle-based company is working on a product that would appeal to younger customers and those without bank accounts. Among the companies Amazon officials are speaking with is JP Morgan Chase & Co., according to the newspaper.
Whatever its final form, the initiative wouldn't involve Amazon becoming a bank, the people added.
The Cox Media Group National Content Desk contributed to this report.