The percentage of unbanked households is very high among recent immigrants.
Who will meet the costs in relation to those people who are unbanked?
We know that there are some 2 million people who are "unbanked".
Studies show that the unbanked choose not to have an account for a variety of reasons.
That would be a real bonus to people on low incomes who, at the moment, are the unbanked.
For many, that decision has been made twice: first, probably because they are unbankable; and, secondly, because they choose to remain unbanked.
We discussed social banking provision for some of the 2 million "unbanked" people.
The greatest customer potential is probably among those who are at present unbanked.
Bringing those who are currently unbanked into the mainstream banking system will make a major contribution to reducing financial exclusion.