Government promotes bank accounts for all

The government is moving to provide bank accounts for an estimated 1.6 million persons, mostly low-income, who do not have them.

The Consejo Presidencial Social announced this Tuesday and said that one estimate is that 35 percent of the population does not have a bank account.

The special accounts will be available at state banks for those 15 and older who can demonstrate that they are low-income. The state will use the accounts to make the various social benefit payments. The accounts open the way for savings, loans, electronic transfers and debit cards for the low-income residents, said the government.

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