concept   bank account

8 commonsense assertions
Cultures (8) United Kingdom (1) United States (1) India (1) Afghanistan (1) Japan (1) Somalia (1) Middle East (1) Unbanked communities in developing countries (1)
# Concept Culture Statement Freq.
1 bank account United Kingdom In the UK, it is common to open multiple bank accounts for different purposes and to manage finances. 14
2 bank account United States In the United States, having a bank account is a common and essential part of managing personal finances and transactions. 10
3 bank account India In India, it is common for multiple family members to share a single bank account for collective financial management. 6
4 bank account Afghanistan Bank accounts are less common in Afghanistan due to reliance on cash-based economies and informal financial systems. 3
5 bank account Japan In Japan, checking accounts are the main type of bank account used for daily financial transactions. 3
6 bank account Somalia Bank accounts are less common in Somalia due to reliance on cash-based transactions and informal financial systems. 3
7 bank account Middle East In Middle Eastern culture, bank accounts are often linked to savings for significant expenses or emergencies rather than for daily transactions. 1
8 bank account Unbanked communities in developing countries Many individuals in unbanked communities in developing countries do not have bank accounts due to limited access to banking services and financial infrastructure. 1