unbanked

¹ American  

[uhn-bangkt] / ʌnˈbæŋkt /

adjective

1. not using or having access to a bank or similar financial institution.

2. (of funds) not deposited with a bank.

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noun

1. the unbanked, people who do not use or do not have access to banks.

unbanked ² American  

[uhn-bangkt] / ʌnˈbæŋkt /

adjective

1. (of a fire) not surrounded and covered with heaped ashes to restrict airflow and slow burning.

2. (of a curve in a road, racetrack, or the like) not sloped up toward the outside of the curve.

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Other Word Forms

• unbanking
  noun
• unbankable
  adjective

Example Sentences

See Examples For:

unbanked

The FDIC’s 2023 survey found that 5.6 million households were unbanked, meaning they had no bank account, and an estimated 19 million had accounts but relied on nonbank credit to meet their needs.

From The Wall Street Journal ● Jul. 14, 2026

Moreover, its focus on the unbanked and underbanked means that it can continue expanding throughout economic cycles, as more people begin to move away from cash for everyday purchases.

From Barron's ● May 5, 2026

This allows people, especially the unbanked, to have full control of their assets with minimal fees.

From Salon ● Nov. 7, 2024

But such businesses exclude certain customers and create an issue of equity, Hutt’s proposal says, since unbanked, elderly and low-income residents rely mostly on cash to get by.

From Los Angeles Times ● Aug. 22, 2023

Why not, since I had still unbanked the handsome check Davidson had insisted on my taking as charter money for the last quarter?

From The Lady and the Pirate Being the Plain Tale of a Diligent Pirate and a Fair Captive by Harry A. Mathes