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Is it possible to live and operate financially without a bank account?

Is it possible to live and operate financially without a bank account?

(post is archived)

[–] 3 pts

In Denmark the short answer is no; a income must be transferred to a account in a bank, whether your employer is the state or private.

Every citizen is obliged to have a bank account and even hobos and homeless do, if they want their government gibs.

There's still widespread cash based transactions people in between, but any transaction with for instance a store, exceeding DKr. 10.000 (~$ 1.555) requires showing ID and is likely to be refused on grounds of the administrative burden, because of strict laws on whitewashing and it will be reported to authorities..

Bonus: because of the current national bank negative interest rates, you must now pay a 0.7% interest rate on cash deposits exceeding DKr. 100.000 (~$15.555)..

Did anyone say jewry?!