Many Scots un­able to open bank ac­counts

The Pak Banker - - Company& -

SCOT­LAND: Ac­cord­ing to a new re­port, en­ti­tled "Bank­ing on the Ba­sics" pub­lished by Cit­i­zens Ad­vice Scot­land (CAS), one in 10 cit­i­zens of Scot­land do not have a bank ac­count.

The sur­vey, car­ried out among 400 Scots, re­vealed that 10% of them have no bank ac­count al­though most of peo­ple tried to open one. The most con­cern is caused by the fact that in cer­tain ar­eas up to 20% of house­holds have no bank ac­counts. The most com­mon rea­sons that banks use to turn down cus­tomers' ap­pli­ca­tions are: poor or no credit his­tory, undis­charged bank­ruptcy, no lo­cal fi­nan­cial his­tory, no house­hold bills, etc. Let us re­mind that 10 years ago the Bri­tish Govt called upon the Scot­tish banks to pro­vide all ap­pli­cants with at least ba­sic ac­counts. We are also urg­ing the UK and Scot­tish Gov­ern­ments to sup­port or­gan­i­sa­tions who of­fer al­ter­na­tives to bank­ing ser­vices, like Credit Unions." -PB News

LA­HORE: Arif Saeed, Im­ran Inayat Butt, Aliya Ma­jeed and other sit­ting on a stage dur­ing a sem­i­nar or­gan­ised at La­hore Stock Ex­change of­fice. -On­line

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