Donald Trump is considering a possible executive order that would require banks to make sure customers are U.S. citizens to create or keep their accounts, according to a new report.
The proposed action, reported byThe Wall Street Journal, would see banks collect information on individuals’ citizenship through requests for a new category of documents in order to open the accounts.
The Independent has contacted the White House for confirmation or further information about reports of the executive order, which has reportedly raised eyebrows among some banks in recent days.
So a Trump Presidency term.
Can you even cash a cheque without a bank account?
Yes, but only at select places, maybe some banks but usually a check cashing place, and they charge a big cut of the check.
😬
Then there’s the racket of paycheck lending places, where you get an advance on your next check for a big fee/interest. A brief solution for those who are that desperate for money now, but it digs a deep hole that many fall into.
Yeah I’ve heard about those, I don’t think they are quite as big here in Australia, or get away with as much.
Walmart will fare well.