Google scraps plans to offer 'Plex' bank accounts to users via Google Pay with 11 partners, including Citigroup and Stanford Federal Credit Union 'Plex' would have would have synced with Google Pay, and allowed for users to avoid monthly fees, overdraft charges or minimum balance requirements Plans for the service were abandoned due to missed deadlines and the April departure of Google vice president Caesar Sengupta A CitiGroup spokesperson said that nearly 10,000 people a week were joining a waiting list for 'Plex' that grew to over 400,000 people Despite the abandoned plans, Citigroup said it will 'look for other ways to work with Google in the future' Some partners did not get the memo and as of late last week some banks, including BMTX, were not aware 'Plex' did not have a future By Gina Martinez For Dailymail.Com Published: 22:52 BST, 1 October 2021 | Updated: 23:03 BST, 1 October 2021 Viewcomments Google is dumping plans for its highly anticipated 'Plex' banking service, a digital checking account service, amid changing leadership at the tech giant and missed deadlines. On Friday, the Wall Street Journal reported that plans were dropped just two years after Google announced users of the digital wallet Google Pay could sign up for bank accounts with 11 partners, including banking giants CityGroup and Stanford Federal Credit Union. Set to debut in 2020, the continually delayed 'Plex' banking service would have synced with Google Pay, and would have allowed users to avoid monthly fees, overdraft charges and minimum balance requirements. 'Plex' would have synced with Google Pay, and allowed users to avoid monthly fees, overdraft charges or minimum balance requirements Plans for the service were abandoned due to missed deadlines and the April departure of Google vice president Caesar Sengupta Plans for the service were abandoned due to missed deadlines and the April departure of Google vice president and 'architect' of the Plex project, Caesar Sengupta. The WSJ reported that Sengupta's successor Bill Ready was 'concerned that Plex could make other banks think that Google was out to compete with them since it played a lead role in building the product.' A Google spokeswoman told the WSJ that the company planned to redirect its efforts to helping banks with its technology 'rather than us serving as the provider of these services.' But excitement for this service was apparently high despite behind-the-scenes drama. A CitiGroup spokesperson told WSJ that nearly 10,000 people a week were joining a 'Plex' waiting list, which grew to more than 400,000 people. Despite the abandoned plans, Citigroup said they will 'look for other ways to work with Google in the future' Despite the abandoned plans, Citigroup said it will 'look for other ways to work with Google in the future,' WSJ reported. But some partners did not get the memo and WSJ reported that as of late last week some banks, including BM Technologies Inc, were not aware 'Plex' was dead. On Monday, BMTX, which provides digital banking platforms, proudly proclaimed Plex accounts were on their way late this year or in early 2022. 'Google and BMTX are excited about this opportunity and are committed to this partnership,' the bank told WSJ before their Friday report. Google is not the only tech giant whose plans to expand into the banking world have flopped. Amazon's plans for checking accounts never materialized and Facebook's move to create cryptocurrency remains on hold after pushback from regulators, WSJ reported. Google Pay launched in 2018 after Android Pay and Google Wallet merged. The service allows for users to make payments online, in stores and to other people. Read more: Share or comment on this article: All rights reserved for this news site (dailymail) and under his responsibility