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Just to clarify, many banks have no minimum balance and charge no fee to cash any check. However some may have a harder time opening accounts than others.
by TingPing 5y ago
Just to clarify, many banks have no minimum balance and charge no fee to cash any check. However some may have a harder time opening accounts than others.
- oneplane 5y agoWouldn't that be a good item for a government at some level to look in to? Life without a working bank account would seem unreasonably hard to me.
- wmf 5y agoThe US government looks at this occasionally but banking lobbyists keep convincing them not to do much. https://www.fastcompany.com/90683033/the-post-office-is-finally-going-to-try-out-being-a-bank https://www.fastcompany.com/90683033/the-post-office-is-fina...
- thrower123 5y agoIf you cannot manage to get a bank account, then you have problems that the government is not going to be able to fix.
- Symbiote 5y agoBritain doesn't agree, so there are rules requiring the banks to offer basic accounts to those who would otherwise be ineligible. https://www.moneyhelper.org.uk/en/everyday-money/banking/basic-bank-accounts https://www.moneyhelper.org.uk/en/everyday-money/banking/bas...
- oneplane 5y agoI'd like to think that when we build a society and designate people to run governing functions, this would be one of the jobs we would like them to carry. At least, that's how it works here. Make sure that people are enabled to be members of society.