Have you ever considered how in love with banks Americans are? What is one of the first things we instruct young adults to do? That is advice is usually open an account with a bank.
There is an interesting article on Time.com about people who do not have bank accounts.
My wife and I have a savings account, and that is about it. We do not have any credit cards, nor do we have a checking account?
Why don’t we have those items? Because we are not in love with debt or the banks.
Need a loan? Go to a bank.
Instead of going to a bank for a loan, why not just save the money and buy the item interest free?
Need a way to pay bills, get a checking account.