But can it be Done?
Regulators are making noises about making certain the underbanked have truthful access to reasonably priced credit. Say you will get by with no checking account and handle to by no means want loans. You can, of course, rely on that outdated standby, money. But holding the mandatory amount of money on you (or in your home for that matter) isn't precisely protected. It additionally means you cannot receive electronic paychecks and, extra importantly, cannot bid on that porcelain terrier you've got been coveting on eBay. For these reasons and more, some unbanked or underbanked folks use pre-paid debit cards, which are just what they sound like - cards that can be loaded and reloaded with small, medium and huge sums of money (usually at an ATM) after which used for electronic funds (on the fuel pump, at the grocery store, online, and so on.). Again, in principle, they sound like a good idea, especially if you do not have a bank account. However, it seems that a lot work remains to