Britons without a bank account 'pay a £485 poverty premium'

Number of unbanked people has fallen to 1.2 million, but they miss out on discounts

Britons who do not have a bank account face paying up to £485 extra each year for bills and basic services, according to a report.

The 1.2 million so-called unbanked individuals are said to pay a “banking poverty premium” because they are missing out on preferential deals and discounts on utility bills, mobile phone contracts, broadband and personal loans.

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from The Guardian http://bit.ly/2IKfciN