underbanked

American  

[uhn-der-bangkt] / ˌʌn dərˈbæŋkt /

adjective

1. not having adequate access to banks or similar financial institutions.

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noun

1. the underbanked, people who do not have adequate access to banks.

Other Word Forms

• underbanking
  noun

Example Sentences

See Examples For:

underbanked

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

There is strong growth in payments activity and consumer lending, they write, pointing to potential for further expansion from Indonesia’s large underbanked population and a low lending penetration rate among users.

From The Wall Street Journal ● Mar. 13, 2026

In addition, the state’s CalMoneySmart program provides annual grants of up to $200,000 to nonprofit organizations to “provide financial education and financial empowerment programs and services for unbanked and underbanked Californians.”

From Los Angeles Times ● Mar. 13, 2024

Still, analysts say that focusing on unbanked or underbanked Mexicans could cause Walmex trouble if it does opt to expand Cashi into a lending product.

From Reuters ● May 9, 2023

About one in ten King County residents were underbanked, meaning they had an account at an insured institution, but also regularly use a financial service outside the banking industry, like payday loans or check cashing.

From Seattle Times ● Jan. 11, 2023