Why You Need a Backup Bank ...Middle East

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Why You Need a Backup Bank
There are a million apps and services out there that will let you pay bills and move money around, but you still need a bank account. Yes, banks can be kind of crappy, but there’s a reason less than 5% of the population is unbanked: It makes everything more costly, and more difficult.But despite the crucial importance of a bank account, you don’t actually have a right to one. Banks can refuse to let you open an account in the first place, refuse to accept a check for deposit at their discretion, and can close out your accounts and send you—and your money—packing any time they want, for a wide variety of reasons. And they do just that, all the time, usually without any explanation. Add in the

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