At the low end, bank accounts come with fees, and more importantly, the risk of fees. Many young people just starting out struggle, at least briefly, with keepi

At the low end, bank accounts come with fees, and more importantly, the risk of fees. Many young people just starting out struggle, at least briefly, with keeping a balance above zero, and that's assuming they have an account that doesn't charge a monthly fee for existing below a certain minimum balance. For those of us who have no trouble keeping positive balances, these issues might seem silly, but to people living at or near the edge, these are reasons enough to not even try to have a bank account. The check cashing place may be a ripoff, but they're never going to take my balance below zero. They will only take a piece of my income.