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

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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

Extrapolating from Bank On Washington’s estimates for Washington, over 7,000 people are unbanked and 42,000 are underbanked in UKC.

From Seattle Times ● May 11, 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

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