UK banks are legally obliged to provide free basic banking facilities. Said facilities come with payment card, no overdraft and no fees for bounced payments etc

UK banks are legally obliged to provide free basic banking facilities. Said facilities come with payment card, no overdraft and no fees for bounced payments etc. An estimated 9 million people (of 70million) in the UK use this type of account. This mitigates 1, 2, 3, 4.