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For the past 2 years Homeless Link have been working with a small group of like-minded organisations to set up a new style transactional account that might be of real benefit to people who become homeless, and who might be struggling to access to good quality financial services & products.

The Change Account has many of the benefits of a bank account, with its debit card, dedicated sort code and account number.  But it is very much a new form of account, and the similarities end when you look into the range of innovations designed to simplify personal finances.

HL:  Introducing the Change Account - a step towards financial inclusion, designed to help people who have been financially excluded to get in control of their finances

The basic issue is that they often find it hard to ‘cope with life’