Sentence examples for basic banking accounts from inspiring English sources

Along with the exploding popularity of gift, payroll and other stored value cards comes another form of plastic the pre-paid debit card that marketers hope will appeal to the estimated 80 million or so people in the U.S. who lack basic banking accounts.

Banks and building societies that have signed up to offer basic bank accounts include Barclays, Santander, TSB, Lloyds, the Royal Bank of Scotland and NatWest.

Basic Bank Accounts form the cornerstone of financial inclusion.

Since April 2003, about 2m basic bank accounts have been opened in Britain.

Both the Lloyds Banking Group, which operates more than half of the UK's basic bank accounts, and the Nationwide building society, which used to offer its basic bank accounts to bankrupts, said they were "currently reviewing policy on this".

Basic bank accounts are an essential way for people going through bankruptcy to keep on an even keel.

Basic bank accounts were introduced to encourage greater financial inclusion for people who do not qualify for a standard bank account.

Unlike most basic bank accounts, credit union current accounts offer a debit card that can be used in shops and to withdraw money from ATMs.

Too many banks, he said, were not interested in people with basic bank accounts and as a result credit was more expensive for the poor in society.

Sylvia Waycot, finance expert at Moneyfacts.co.uk, said: "It is worrying this under-served section of the market is losing access to even basic bank accounts.

They are taking on intermediary roles in which staff are verifying identities and addresses to help open new basic bank accounts for residents.