D.C.'s ban on cashless businesses takes effect

Re:D.C.'s ban on cashless businesses takes effect by mostlystatic on Wednesday October 04, 2023 @03:55AM (#37762167)

There is some nuance here in that accounts without a standard charge and a free debit card were common before 2016.

The 2016 change seems to be about fully fee-free accounts, i.e. no overdraft charges or similar fees.

[ Parent | on HN ]

Re:D.C.'s ban on cashless businesses takes effect by closewith on Wednesday October 04, 2023 @04:01AM (#37762201)

The change (and the Directive) was the result of banks withdrawing fee-free basic banks across the bloc as a cost-cutting measure in the wake of the 2008 financial crisis. The Directive reverse that and made basic bank accounts universally available across the bloc.

[ Parent | on HN ]