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Or what if you don’t have a bank account?
by NotYourLawyer 3y ago
Or what if you don’t have a bank account?
- steets 3y agoIf you live in the US, not participating in the banking system and not having a bank account is not a thing that you can do, except for religious reasons. From the moment you're born, you're on half a dozen companies' radars for credit reporting and scoring purposes, and most of the major purchases that you need to make to survive require a bank account with a good balance and a good credit score.
- NotYourLawyer 3y ago> An estimated 4.5 percent of U.S. households (approximately 5.9 million) were “unbanked” in 2021, meaning that no one in the household had a checking or savings account at a bank or credit union. https://www.fdic.gov/analysis/household-survey/index.html https://www.fdic.gov/analysis/household-survey/index.html
- JohnFen 3y ago> If you live in the US, not participating in the banking system and not having a bank account is not a thing that you can do Sure it is. Lots of people do. It's expensive, though.
- sofixa 3y agoBank accounts are a necessary part of modern life in developed and many developing countries, and should be free and readily accessible to everyone.
- NotYourLawyer 3y agoThere are plenty of places to get a free checking account, at least in the US. I don’t really understand why people wouldn’t have one.