Banks still keeping basic accounts low-key, claims report

January 2006
Credit Control;2006, Vol. 27 Issue 1, p48
Trade Publication
]The article reports on the study "Banking Benefits," from the organization Citizens Advice in Great Britain. The study is based on evidence from Citizens Advice Bureaux, revealing how banks failed to meet the needs of those on the margins of the financial mainstream by refusing to let them open even the most basic of bank accounts. It also shows that vulnerable people who have succeed in opening a basic account can end up paying high price for a second class service, resulting to consumer debt.


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