The main reason I have heard for poor people avoiding banks is overdraft charges—something almost all banks in all countries have.
Customer protection laws in Europe don’t allow banks to operate the same way with overdraft charge as banks can operate in the US.
This doesn’t seem to be true. I’ve confirmed that both the UK and France have overdraft fees. US banks also are required by law to offer overdraft protection (which is opt-in).
Customer protection laws in Europe don’t allow banks to operate the same way with overdraft charge as banks can operate in the US.
This doesn’t seem to be true. I’ve confirmed that both the UK and France have overdraft fees. US banks also are required by law to offer overdraft protection (which is opt-in).