What are the risks of not having a bank account?

A million people in the UK don't have bank accounts, making them what the industry call "Unbanked". Many just don't think they need one, especially if their partner manages the money. But if something goes wrong, it can leave you without access to cash and in some cases, waiting months for probate. Finance expert Laura Pomfret is explains how people can get a basic account, instead of a current one, and why a cheat sheet for household finances can help.

To watch this in full and with subtitles, go to iPlayer and search for Morning Live from 04/06/25.