Neobanks are no-frills financial institutions that give consumers a low-cost alternative to traditional banks. They are targeted at consumers who want what brick and mortar bank services and are comfortable with fewer options such as only having a savings and…
A couple of months ago, Business Insider published an amazing article by Alex Morrell on check cashing that is well worth your time to read: An Ivy League professor who spent four months working in a South Bronx check-cashing store says…