Financial exclusion — being locked out of mainstream financial services — is a significant and often invisible barrier for people experiencing or recovering from homelessness.
Without a bank account, someone cannot receive benefits, wages or most forms of financial support. Without access to affordable credit, people are pushed towards high-cost lenders. Without insurance, every setback becomes a potential crisis.
This module explores what financial exclusion looks like, why it matters, and what practical support is available to help people access the financial system.
By the end of this module, you will be able to:
- Explain what financial exclusion is and who it affects
- Describe the main barriers to opening and maintaining a bank account
- Outline the options available for people without standard banking access
- Support someone to take practical steps towards financial inclusion