Re:'No cash accepted' signs are bad news for unbanked Americans
by pseudo0 on Monday January 22, 2024 @08:05PM
(#39098002)
It's a neat historical anomaly but it is not very practical for most people to bank at. You have to be a North Dakota resident, they have one physical office in Bismarck North Dakota, and they do not provide online banking.
> Because of our unique structure as a state-owned bank, it is the Bank’s policy not to compete with the private sector for retail deposits. Therefore, convenience products such as debit cards, credit cards or online bill pay are not offered. BND has one location at 1200 Memorial Highway in Bismarck, North Dakota.
Re:'No cash accepted' signs are bad news for unbanked Americans
by JumpCrisscross on Monday January 22, 2024 @10:00PM
(#39099068)
> You have to be a North Dakota resident, they have one physical office in Bismarck North Dakota
This is utterly reasonable. It's a public service, after all.
> and they do not provide online banking
I see an account login button on the top right. You have to open accounts in person. But again, utterly reasonable as an anti-fraud measure.
It's state-owned but functions as a typical retail bank that takes deposits, makes mortgages, business loans, etc.