How Effective is Lifeline Banking in Assisting the 'Unbanked'?

6 Pages Posted: 3 Jul 2007

See all articles by Joseph J. Doyle

Joseph J. Doyle

Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA); National Bureau of Economic Research (NBER)

Jose A. Lopez

Federal Reserve Bank of San Francisco

Marc R. Saidenberg

affiliation not provided to SSRN

Date Written: June 1998

Abstract

Many consumers who lack checking accounts are paying relatively high costs to access the nation's payments system. Legislation aimed at opening the system to these unbanked individuals has centered on requiring commercial banks to offer low-cost 'lifeline' accounts. But will cost savings alone motivate these consumers to access the payments system through banks?

Keywords: lifeline, banking, unbanked, check cashing

JEL Classification: G2, G28, G21

Suggested Citation

Doyle, Joseph John and Lopez, Jose Antonio and Saidenberg, Marc R., How Effective is Lifeline Banking in Assisting the 'Unbanked'? (June 1998). Current Issues in Economics and Finance, Vol. 4, No. 6, June 1998. Available at SSRN: https://ssrn.com/abstract=997402 or http://dx.doi.org/10.2139/ssrn.997402

Joseph John Doyle (Contact Author)

Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA) ( email )

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National Bureau of Economic Research (NBER)

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Jose Antonio Lopez

Federal Reserve Bank of San Francisco ( email )

101 Market Street
San Francisco, CA 94105
United States
415-977-3894 (Phone)
415-974-2168 (Fax)

Marc R. Saidenberg

affiliation not provided to SSRN

No Address Available

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