Pretty much, yeah

"Those without ID (passport, utility bills etc) can still apply for a 'Basic' bank account, which usually just provides a debit card and online banking facilities."

Indeed, the banks are required by law to provide this facility, and Meg Hillier is full of shit. The only reason that people have difficulty opening bank accounts is if they have a dodgy credit history - in which case they can still have a basic account because there are no overdraft or credit facilities offered, or they do not wish to have their details forwarded to a credit agency because they are absconding from debt, in which case they are well and truly fucked because all of the banks will pass your details to a credit agency even if they don't do a check.

Besides which, if someone is so 'socially excluded' that they can't rustle up enough ID to open a bank account, they really won't have any actual money (or not 'legitimately'), because if they were in the system _at all_ tax, benefits, etc, etc, all provide a paper trail you can use. So basically what Hillier means when she says "socially excluded" is "dodgy fuckers", and funnily enough, banks don't like to business with dodgy fuckers.