The Bluebird checking account from American Express does not pay interest on deposited funds and there are no overdraft penalties. As of 2015, a low fee for using a non-MoneyPass ATM is the only fee users must pay, according to the American Express terms and conditions.
Bluebird works best for customers who want the basic services of a bank account without the hassle of a credit check or minimum balance requirement, as reported by Time. Because the customer can only write pre-authorized checks and make withdrawals up to the amount of money deposited on the card, overdrafts are not possible. Walmart sells a Bluebird starter kit and temporary loadable card to get new customers started immediately.