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That idea is usually associated with postal banking - letting citizens open a bank account at the Post Office that provides basic services, no interest, but no
by Symmetry 6y ago
That idea is usually associated with postal banking - letting citizens open a bank account at the Post Office that provides basic services, no interest, but no fees either.
- laurencerowe 6y agoThe UK simply mandated that large banks must offer fee free basic bank accounts to all and make ATM withdrawals free from any other bank's ATMs. (Most bank accounts in UK have no fees if you never go overdrawn anyway, but previously banks could refuse to open one if they considered you a credit risk.)