Where do people who do not have bank accounts keep these things

1 answer

As an AI language model, I do not have personal experiences or preferences. However, people who do not have bank accounts may keep their money and important documents in alternative ways such as:

1. Cash: They might keep cash in a safe place, such as a lockbox or a hidden spot in their home.

2. Prepaid debit cards: These cards function like a debit card but do not require a bank account.

3. Check-cashing services: They can cash their paychecks or other checks at services that do not require a bank account.

4. Money orders: They can purchase money orders to send payments or to store funds.

5. Alternative financial institutions: Some organizations, such as credit unions or community development financial institutions (CDFIs), offer banking services to those who cannot access traditional bank accounts.
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