I called up Citibank UK because I'm going to be studying in London for a year, and they said that to open a UK Checking account so you can get a debit card you need to have 20,000 pounds minimum in the account. I mean, that's insane. I live in a middle class family here in America and we never have 20,000 dollars cash on hand at all times. Imagine how few people would have checking accounts in the United States if you had to have 20,000 dollars in there at all times.
Does this make sense to anyone else? (And I asked, it's not just cause I'm an American, its for all UK citizens)
Does this make sense to anyone else? (And I asked, it's not just cause I'm an American, its for all UK citizens)