http://tomorrowstransactions.com/2009/12/no-accounting-for-folks/ Thought leadership from Consult Hyperion Tue, 09 Sep 2014 00:19:19 +0000 hourly 1 http://wordpress.org/?v=4.0 http://tomorrowstransactions.com/2009/12/no-accounting-for-folks/#comment-1008 Fri, 18 Dec 2009 11:00:34 +0000 http://ec2-54-201-142-57.us-west-2.compute.amazonaws.com/2009/12/no-accounting-for-folks/#comment-1008 Let’s face it, how many people actually need a full “bank account” over and above the facilities a “payment account”?
Wouldn’t it be easier to make overdraft and savings services “extensions” to one basic ‘Money’ account that everyone is entitled to?
I’m wary of two-tier systems that lead to finance apartheid (see utility pre-payment meters).
In my experience, it’s still companies (especially SMEs) that insist on paying by cheque – when will banks push BACS options for them by default?

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