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[ Thu, Feb 20th ]: Forbes
Keeping a bank account: A fearful, challenging process for some on Long Island


🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
A lack of bank accounts often costs low-income people, the FDIC said. Unbanked people are more likely to turn to pawn shop loans, money orders or check cashing services, which have fees. Moreover, the money can be stolen without recourse, whereas deposits in FDIC-insured banks are covered up to $250,000.

Read the Full Newsday Article at:
[ https://www.newsday.com/long-island/bank-account-long-island-lq8vn3p7 ]
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