Unbanked Americans – Relying on High Cost Alternatives
According to the FDIC, 25.6 Americans either do not have a bank account or have an account, but still choose to rely on alternative financial services. These alternative financial services can further hinder financial security due to the fees and other costs of alternative financial services. The high cost of alternative financial services makes it nearly impossible for the unbanked Americans to save or invest for their future.
If you are one of the millions of unbanked Americans, it is time to take control of your finances. Start by getting a checking account. If you are listed in ChexSystems, then there are banks in your area offering second chance checking accounts. Click here for a free directory of banks offering second chance checking. The next step is to get a savings account. HSBC Direct offers an online savings account that is linked to a checking account. These high interest savings accounts are an excellent deal for consumers. You get high interest, convenient online account access and you can get started for only $1. Check out HSBC!
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