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by mschuster91 1560 days ago
What do homeless people do?
4 comments

There are bank accounts in the UK which are suitable for homeless people.

For example https://www.hsbc.co.uk/help/money-worries/no-fixed-address/

It’s a very difficult problem. But a mix of using a homeless centres as their home address and also new services like ProxyAddress[1].

It’s an issue that regulators like the FCA are keenly aware of, and are pushing banks hard to find a solution to.

[1] https://www.proxyaddress.co.uk/

It’s very common for people to just fake utility bills for this purpose, the banks do not verify them.
Amonst many people that get screwed