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

Answer 1

People who do not have bank accounts may keep their money in various ways such as:

1. Cash: They may keep their money in cash at home, in a safe place or hidden somewhere secure.

2. Prepaid Cards: They may use prepaid debit cards that can be reloaded with cash. These cards can be used to make purchases or withdraw cash from ATMs.

3. Money Orders: They may also use money orders to pay bills or make purchases.

4. Sending Money: They may send money to their family or friends and ask them to hold on to it until needed.

5. Check-Cashing Stores: Some people may use check-cashing stores to cash their paychecks or other checks.

It is important to note that keeping large amounts of cash at home can be risky and may not be insured or protected against theft or fire.