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

JPMorgan Chase Chief Executive Jamie Dimon, for example, told the committee that his bank had introduced “low-cost, no-minimum balance, no-overdraft accounts specifically designed for the unique needs of lower-income and historically underbanked consumers.”

From Los Angeles Times ● Dec. 7, 2023

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

It estimated that nearly a quarter of U.S. adults are unbanked or underbanked and roughly 80% of users of financial technology rely on multiple accounts to manage their finances.

From Seattle Times ● Jan. 26, 2022