Can You Really Go Cash-Only?

January 7, 2011  |  

(Smart Money) — You can’t live with ’em , can’t live without ’em. The old line readily applies to women, men, lawyers, cell phones and, many would say, banks. When they’re not freaking us out with subprime shenanigans and bailout requests, banks have been treating us to new fees, spotty service and, most recently, the foreclosure fiasco. Customer satisfaction with the sector has fallen four years in a row, according to J.D. Power, and as a recent Zogby poll reveals, one in 10 Americans has yanked business from big banks to protest their practices. All of which got me wondering: Is it possible, in 2011, to lead a civilized life without a bank account?
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