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).
Current theme: default
Less Wrong (text)
Less Wrong (link)
Arrow keys: Next/previous image
Escape or click: Hide zoomed image
Space bar: Reset image size & position
Scroll to zoom in/out
(When zoomed in, drag to pan; double-click to close)
Keys shown in yellow (e.g., ]) are accesskeys, and require a browser-specific modifier key (or keys).
]
Keys shown in grey (e.g., ?) do not require any modifier keys.
?
Esc
h
f
a
m
v
c
r
q
t
u
o
,
.
/
s
n
e
;
Enter
[
\
k
i
l
=
-
0
′
1
2
3
4
5
6
7
8
9
→
↓
←
↑
Space
x
z
`
g
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).