How effective is lifeline banking in assisting the 'unbanked'?

Many consumers who lack checking accounts are paying relatively high costs to access the nation's payments system. Legislation aimed at opening the system to these unbanked individuals has centered on requiring commercial banks to offer low-cost "lifeline" accounts. But will cost savings alone motivate these consumers to access the payments system through banks?

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Year of publication:	1998
Authors:	Doyle, Joseph J. ; Lopez, Jose A. ; Saidenberg, Marc R.
Published in:	Current Issues in Economics and Finance. - Federal Reserve Bank of New York. - Vol. 4.1998, Jun, 6
Publisher:	Federal Reserve Bank of New York
Subject:	Checking accounts \| Banks and banking - Service charges \| Poverty

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Extent:	text/html application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005512184