The Growing Trend of Life Without a Bank Account

It was the fees that finally drove Joel Lawton away from his traditional bank account.

A Dallas area mortgage loan officer, Lawton’s income is entirely commission-based, meaning it can vary greatly from month to month and week to week. He makes a good income—around $50,000 total in most years—but the way that most banks determine their fees and billing schedules never really worked for his personal financial situation.

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