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Debanking isn't unique to the USA either. In the UK, there is no concept of "universal service". if you look dodgy, your bank account can be closed. However un

Debanking isn't unique to the USA either. In the UK, there is no concept of "universal service". if you look dodgy, your bank account can be closed. However unless there is strong evidence of fraud, you should be able to get your assets back, assuming that you can find a bank to take you. But Its more often the most vulnerable that cannot get bank accounts. If you have no fixed address, then you are not able to have a bank account. If you work in stuff that looks like a prude to be sex work, you are also extremely vulnerable. so yes, its great that this might be looked at in the USA, it won't however get reform, because its a very powerful and useful tool for the an administration to pull on when it wants to exert pressure.

jdietrich 2y ago
>In the UK, there is no concept of "universal service". The nine largest banks have a legal duty to provide a bank account to any eligible applicant under Part 4 of the Payment Accounts Regulations 2015, except where providing an account would be unlawful under other legislation (fraud, money laundering and terrorist financing) or where the customer has engaged in harassment against the bank's employees. https://www.legislation.gov.uk/uksi/2015/2038/part/4 https://www.legislation.gov.uk/uksi/2015/2038/part/4 >If you have no fixed address, then you are not able to have a bank account. The above legislation applies to customers with no fixed address. Two banks offer products specifically for customers with no proof of identity and no fixed address. Many others have significant flexibility in their identity and address requirements. https://england.shelter.org.uk/professional_resources/no_fixed_address_bank_accounts https://england.shelter.org.uk/professional_resources/no_fix...
- KaiserPro 2y ago
  Alas my edit time has ran out, otherwise I would update with your correction. Thank you for correcting me with sources, it is appreciated. The People I know who have no fixed address, told me how difficult it was to get an account. I know when I opened my account recently, I had to provide a whole host of information that wouldn't be possible to have if I was homeless. I made the mistake of projecting incorrect assumptions, confidently. I went full techbro, which is wrong of me.

jdietrich 2y ago

>In the UK, there is no concept of "universal service". The nine largest banks have a legal duty to provide a bank account to any eligible applicant under Part 4 of the Payment Accounts Regulations 2015, except where providing an account would be unlawful under other legislation (fraud, money laundering and terrorist financing) or where the customer has engaged in harassment against the bank's employees. https://www.legislation.gov.uk/uksi/2015/2038/part/4 https://www.legislation.gov.uk/uksi/2015/2038/part/4 >If you have no fixed address, then you are not able to have a bank account. The above legislation applies to customers with no fixed address. Two banks offer products specifically for customers with no proof of identity and no fixed address. Many others have significant flexibility in their identity and address requirements. https://england.shelter.org.uk/professional_resources/no_fixed_address_bank_accounts https://england.shelter.org.uk/professional_resources/no_fix...

KaiserPro 2y ago
Alas my edit time has ran out, otherwise I would update with your correction. Thank you for correcting me with sources, it is appreciated. The People I know who have no fixed address, told me how difficult it was to get an account. I know when I opened my account recently, I had to provide a whole host of information that wouldn't be possible to have if I was homeless. I made the mistake of projecting incorrect assumptions, confidently. I went full techbro, which is wrong of me.