Detail: Basic bank accounts are no help to the poor, says study



Basic bank accounts are no help to the poor, says study
1563 Basic bank accounts are no help to the poor, says study Basic bank accounts, introduced five years ago to help the poor in the U.K., have failed to accomplish the aim -- of closing the gap between rich and poor, says a research report prepared by the National Consumer Council (NCC) and Policis, a research consultancy. The poorest consumers still face financial exclusion and their only resort is high-cost borrowing, says the report. Bank Accounts accounts   bank   account   their   financial   study   basic   consumers   poorest   highcost   ncc   there   debit   poor   even   lowincome   banks   mainstream   like   some   lenders   loans   one   overdraft   facilities   direct   million   nationwide   needs   says   research   Sep 21, 2007 send email to

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