That may be in the UK. In El Salvador simplified bank accounts require no minimum deposit, can send and receive instant bank transfers to other banks, and some

That may be in the UK. In El Salvador simplified bank accounts require no minimum deposit, can send and receive instant bank transfers to other banks, and some allow the account holder to receive a remittance from the US just by typing remittance ID and amount. No need to go to the bank either. They can be opened from a website or app with a selfie and a picture of both sides of the ID card.