No-frills bank accounts should be introduced to bring financially excluded people into the banking system, according to the State's poverty watchdog.
The Combat Poverty Agency has urged the Government to abolish stamp duty on ATM and point-of-sale cards on these accounts.
It also says banks should train staff to be proactive in assisting people to open accounts.
According to the agency, 20% of Irish households lack bank accounts despite a proposal six years ago from the banks to develop... read more »
