Why do banks allow poor people to open up bank accounts ?

Is it because they will make money on overdraft fees probably 

5 Answers

Relevance
  • John
    Lv 6
    2 months ago

    If a poor person has cheated any bank, black listed.

  • 2 months ago

    Being low income doesn't cause overdraft fees.

    Being financially immature causes overdraft fees.

    People in all economic brackets can be financially immature. 

  • Anonymous
    2 months ago

    Children cannot open bank accounts. Nor can people who stiffed a bank in the past.  I never have overdraft fees.

  • 2 months ago

    ... Or to avoid discrimination lawsuits !  YOU are too judgemental.

  • What do you think of the answers? You can sign in to give your opinion on the answer.
  • Anonymous
    2 months ago

    Because they still want their business. Millions of poor people add up. If people have too much debt, overdraft, or bounced checks, they do get denied though.

Still have questions? Get answers by asking now.