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In France bank accounts are a basic right and the Banque de France will open one for you if all other banks refuse.
by BiteCode_dev 4y ago
In France bank accounts are a basic right and the Banque de France will open one for you if all other banks refuse.
- wahern 4y agoInterestingly, it looks like the unbanked population in France is similar to that of the United States, approx. 6-7%: https://www.gfmag.com/global-data/economic-data/worlds-most-unbanked-countries https://www.gfmag.com/global-data/economic-data/worlds-most-... Almost 15 years ago California created a program to offer banking services to the unbanked population, but as of last year it survives in only 3 major cities, SF, LA, and Sacramento, and is mostly defunct. See https://dfpi.ca.gov/wp-content/uploads/sites/337/2022/02/BankOn-California-Report-2021.pdf https://dfpi.ca.gov/wp-content/uploads/sites/337/2022/02/Ban... It turns out that, "Simply providing low-cost banking options does not motivate unbanked populations to get banked. Programs utilizing a community-based, holistic approach have greater success with the unbanked." Which is another way of saying that unbanked populations tend to have bigger issues, beyond nominal costs. Normally I would be tempted to say that one of these issues is awareness of and ease of utilizing the assistance programs, but the situation in France suggests that in this case that may not be one of the top structural impediments.
- BiteCode_dev 4y agoYes, if it were a program, I would look for another bottleneck :)