About 4.2% of Americans were considered unbanked in 2023, according to survey data the FDIC released in November. Not using banking services can be expensive and time-consuming. Researchers at the ...

These adults who don't use traditional credit cards, savings, or debit accounts are known as the "unbanked." Spokeo analyzed data from the Federal Deposit Insurance Corporation to illustrate where ...

The service is primarily aimed at underbanked and unbanked residents and offers an opportunity to reduce 'reliance on high-interest credit options', helping mid and low-income salaried individuals ...

Our interviewees live in poverty-induced cash dependence, meaning they rely on cash payments because they are unbanked, lack credit or cannot afford digital technology. While it is difficult to ...