EP Proposes Bank Services For All

By  |  July 9, 2012
 | 

The parliament said on July 4 that basic banking services should be a legal right available to all including the homeless, those with very low incomes, students, people with no credit record and expatriate workers.

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    The basic account would provide essential services such as receiving income or benefits, paying bills or taxes, buying goods and services, making cash withdrawals, and printing account statements.

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    The resolution, which was overwhelmingly adopted by 585 votes against 68, says banks must not be allowed to make the basic account conditional on the purchase of other products or services.

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