Yes - you can't make offline card transactions, you don't get a chequebook, but there are no overdraft fees because there's no overdraft facility. The nine larg

Yes - you can't make offline card transactions, you don't get a chequebook, but there are no overdraft fees because there's no overdraft facility. The nine largest banks are legally required to offer Basic Bank Accounts to practically anyone. This, combined with the fact that welfare must be paid by bank transfer in nearly all circumstances, means that a) essentially everyone in the UK has a bank account and b) cheque cashing isn't really a thing. Some banks have an account-opening service specifically for people with no fixed address and/or no identity documents. From a UK perspective, the situation in the US just looks like a completely avoidable policy failure. https://assets.publishing.service.gov.uk/media/63f7bbd78fa8f527f7342eff/Basic_Bank_Account_Report_2022.pdf https://assets.publishing.service.gov.uk/media/63f7bbd78fa8f... https://england.shelter.org.uk/professional_resources/no_fixed_address_bank_accounts https://england.shelter.org.uk/professional_resources/no_fix...