Venmo's COVID-19 check cashing promo is a shot at big banks - Business Insider

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Venmo's check cashing feature, that waives fees when used to cash a stimulus check, underscores fintechs' threat to incumbent banks.

While the distribution of the $600 stimulus checks is off to a relatively start, it will be an ongoing process, and banks will need to ensure they can sustain higher-than-average login volume.

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