As 28 million Americans know, living without a bank out has its perks. For example, there are no overdraft fees, no worry about bouncing your rent check and there is no need to hunt all over town looking for YOUR banks ATM machine. But it also means it next to impossible to get a decent rate on a mortgage or get approved on a car loan. Frank Garcia, Chairman of the Hispanic Bronx Chamber of Commerce and also the owner of Millenium Recycled Toner walks us through the pros and cons of going bankless.
The World is an independent newsroom. We’re not funded by billionaires; instead, we rely on readers and listeners like you. As a listener, you’re a crucial part of our team and our global community. Your support is vital to running our nonprofit newsroom, and we can’t do this work without you. Will you support The World with a gift today? Donations made between now and Dec. 31 will be matched 1:1. Thanks for investing in our work!