Chase, the world’s largest bank, said Monday that it has signed a memorandum of understanding with Hulu to allow the digital streaming service to manage Chase’s checking account.
Hulu will work to help Chase make its services easier to use, and its payment service, the Hulu Wallet, will be able to make purchases through the Chase checking app, which will be available in stores.
Hulu also said it will help to “improve the experience for Chase customers when using the Hulu app.”
The Chase checking card will be a “simple and easy-to-use” way for customers to pay their bills, Chase said in a statement.
“We look forward to continuing to collaborate with Chase to enhance our services for our customers, which are currently our most popular and secure,” Chase said.
Chase’s announcement comes just one day after it announced plans to launch a $5 billion fund to invest in the digital payments sector.
The fund, which includes a stake in the company Paypal, will invest $5.2 billion to build a $100 billion bank, a $10 billion bank and a $50 billion bank-to.
It will be led by Warren Buffett’s Berkshire Hathaway, which is one of Chase’s biggest shareholders.
Last year, Chase announced it would invest in companies that focus on the payment space, including PayPal, Stripe and Square.