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"Cities with immigrant communities also tend to have higher rates of unbanked residents, like Los Angeles, where 8.6 percent of the population doesn’t have bank accounts. People avoid financial institutions for numerous reasons, including in order to stay away from monthly charge fees, overdraft penalties, or minimum balance requirements. Some people also don’t have credit cards if they aren’t documented or don’t have a strong enough line of credit."
From "Philadelphia bans cashless stores, moving against a cashless society - Vox".
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