# Account for everyone

- Canonical URL: https://www.gerhardmerk.de/account-for-everyone
- Post ID: 590583
- Modified: 2023-07-25T20:46:54+00:00
- Language: en

## Definition

Commitment entered into by banks in Germany in 1995 to provide every person, in principle on request, with a checking account that at least allows them to receive credits, cash deposits and cash withdrawals, and to participate in money transfers. - See demarketing, fixed fee, customer, lazy, unbanked. - See BaFin Annual Report 2004, pp. 73 f. (no entitlement to second account); BaFin Annual Report 2005, p. 193 (account is blocked by permanent garnishments); BaFin Annual Report 2006, p. 204 (compelling reasons for refusing to set up an account). Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1