Alphabet’s Google said it expanded its Google Pay app to enable users to open back accounts, pay friends and manage budgets.
The updated application debuted Wednesday.
Alphabet partnered with Citi and Stanford Federal Credit Union to launch the mobile bank accounts with plans to add 11 new partner institutions in 2021.
“Along with our bank partners, we were looking to make banking more relevant for the mobile-first generation,” Caesar Sengupta, general manager of payments at Google, told CNBC Wednesday.
“It will help our partners make banking more approachable to that generation, and not only make it more relevant, but make it more fun.”
Google will have so-called Plex checking and savings accounts, which have no monthly fees, overdraft charges or minimum-balance requirements.
People who sign up for Google bank accounts can request a physical debit card,