Without a checking or savings account, getting financing will be a great deal more difficult, and you’ll be stuck with riskier options.
If you reside in just one of the nine million unbanked households into the U.S., then you realize the additional economic stress of residing with out a checking or family savings. You need to just take your paycheck up to a check-cashing shop merely to ensure you get your money—plus whatever charges they opt to charge; you need to pay all of your bills in money through the mail or in individual, which can be method larger hassle than doing them online. The list continues.
And that you don’t have great credit if you don’t have a checking account, the odds are good.