How money works: Do you really need a bank account?

Banks haven’t exactly covered themselves in glory over the last few years, but would you be better off simply cutting them out of your life entirely? We take a look to see if you really do need a bank account.

Forty years ago just 38% of people had bank accounts – now it’s 95%. But what’s changed?

Considering how badly behaved banks have been over the last few years, should we really still be trusting them with our money each month?

We take a look to see what would happen if you ditched you bank account and if there’s anything you can do to keep the benefits without rewarding the bankers who led the world into its current economic crisis.