A watchdog has claimed that "dark clouds" are gathering for the future of simple bank accounts designed for vulnerable and low-income customers. Consumer Focus said that basic bank accounts - assisting those with chequered credit histories - have been a success for the banking industry. But it warned that a minimum standard was needed to ensure they survived. The Treasury Committee has sought reassurance that ATM access for these customers will not be restricted.

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One in five UK adults have a basic bank account as their only or main account, according to Consumer Focus. They were first offered about a decade ago and have most commonly been used by people needing an account to allow their wages to be paid.....Read more here: BBC News - Basic bank account concern from Consumer Focus