A new global challenger bank is set to join the financial marketplace: Bedbox Bank.
The Bedbox Bank is unlike any other bank in that:
- it does not need branches or an online app
- it does not pay interest or apply any bank charges
- it does not have any staff or pay any bonuses
The Bedbox Bank offers instant access and only accepts cash deposits, so it is not a crypto bank.
Anyone can become a customer of the Bedbox Bank simply by buying a lockable box and keeping it securely under your bed. Like all bank accounts, the Bedbox Bank account cannot combat inflation but you can save however much you like, whenever you like and there is no chance of being denied access to your money - unless you lose the key to your box.
The Bedbox Bank is being marketed as a common-sense alternative to the current global banking system which is clearly dysfunctional.