You have probably noticed that many high street banks today say that Basic Bank Accounts are available for all, this clearly from speaking with many of our customers who have a GO: Card Prepaid MasterCard is not the case.
Even Basic bank accounts like a current account with a cash card are limited to only withdrawing your funds from inside banks, cash machines, even the Post Office Card Account puts inconvenience into peoples lives by having to travel and spend time in lengthy queues, this simply does not cut it for consumers in this modern day life where cash is becoming an issue to paying bills, booking over the phone or accessing discounts when shopping online.
Watch and listen to the video below, is financial exclusion here to stay or are there alternatives to main stream banking such as Prepaid Card services that offer a level of financial inclusion with no hidden fees.
