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Lloyds fails on fee-free in no-frills bank accounts market | Reuters

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Banks have said that providing such accounts to the financially vulnerable is a loss-making business for them

From Lloyds fails on fee-free in no-frills bank accounts market | Reuters

They are. Of course. What almost all of these finally vulnerable people need is a payment account, not a bank account. A simple, pre-paid account with a decent app able to nudge them to help them. And it needs to have a low regulatory overhead so that it works for all of the stakeholders.

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