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Not sure what you mean, I got declined by a dozen of banks. And where I live (France) it's illegal for me to receive my salary in cash or to pay rent in cash: b
by alexey-salmin 2y ago
Not sure what you mean, I got declined by a dozen of banks. And where I live (France) it's illegal for me to receive my salary in cash or to pay rent in cash: both are above the limit for cash transactions. Even if I personally was open to breaking the law,
my employer and my landlord obviously aren't.
To compensate for that there's a "right for an account" law but it doesn't work that well.
- tptacek 2y agoThis article is about the US banking system, and that's where my experience is. Nobody in the US with any experience of financial precarity believes a checking account is a human right, because checking accounts are routinely denied to people without established credit. Which makes a kind of sense: they are credit products.
- aidenn0 2y agoI think the US/EU distinction is the main disconnect. Anyone in the US can take a (paper) paycheck to a cashing service and, for about 2% of the value of the check, receive the cash for it. They can usually walk into the office of their landlord (or property manager) and pay in cash. I sold an RV for nearly $10k and the buyer paid in cash. Other than my mortgage payment, I have never paid for something via a bank transfer. Merchants take credit cards and services provided by individuals (e.g. piano teacher) take check or cash.