Weâ€™ve called this website â€œStreetbankâ€ and weâ€™ve come in for a bit of flak. People say to us â€œthe â€œstreetâ€ bit we get but why â€œbankâ€…. banks are about money and no money changes handsâ€. But we say, banks are first and foremost about lending.
In fact when you leave your money in the bank, the bank lends it on. That is what banks are supposed to do, to lend. In fact, the credit crunch happened because the banks stopped lending. And they are still not doing much lending which means businesses suffer and we are poorer for it. But we donâ€™t think we should be downhearted because we, the ordinary people of Britain, yep thatâ€™s you and me, we can lend to each other. Weâ€™re not suggesting we lend money (though donâ€™t let us stop you if you have some) but we can lend what we do have â€“ our things, our time, our skills. Our bank account wonâ€™t change much but we will be, in a very real way, richer. Are we stretching the bank idea too far? Let us know your thoughts!