Banking for the Unbanked

There are an estimated 12% of the US population that currently do not have a checking account. There are numerous reasons that someone would have a bank account. They include not having the minimum deposit to start an account, previous closed checking accounts, and they just feel they cannot manage an account properly. These are people paying fees to get their check cashed because they do not have access to proper checking. Banks need to make amends in states to make sure these people know what options are available to get the most from banking.