How to Use unbanked in a Sentence

unbanked

adjective
Definition of unbankednext
  • About 5% percent of households in the US are still unbanked or underbanked.
    — Chris Wellisz, CNN, 20 Mar. 2022
  • According to a report by The World Bank, close to a third of adults were still categorized as unbanked in 2017.
    — Bill Hardekopf, Forbes, 16 Mar. 2023
  • The true number of unbanked people is likely higher than the FDIC estimates.
    — Jay L. Zagorsky, The Conversation, 22 Jan. 2024
  • Of the unbanked participants, 24% now have bank accounts.
    — Carrie Napoleon, chicagotribune.com, 31 Dec. 2021
  • At the same time, roughly half of the nation’s Black families are unbanked or underbanked, studies show, compared to 15% among white families.
    — William Thornton | [email protected], al, 10 Mar. 2022
  • The suit painted a picture of a person intent on pitching himself as a hero for the unbanked and working-class when much of these people’s money was in fact used to fund highly risky investments.
    — Steven Zeitchik, Washington Post, 5 Jan. 2023
  • Pathward says its purpose is to work with companies to reach the unbanked and underserved and compete with traditional banks.
    — Dallas News, 13 Sep. 2022
  • The Fed found unbanked and underbanked rates are higher among adults with lower income and less education, along with Black and Hispanic adults.
    — Richard McGill Murphy, Forbes, 19 Dec. 2022
  • Kodali also said that Walmart has many shoppers who are cash-only or unbanked, which isn’t represented in the data.
    — Michelle Cheng, Quartz, 17 Aug. 2022
  • Though the surrounding neighborhood has gone through a wave of gentrification, Mr. Flechet was concerned about unbanked people in the area being locked out of his business.
    — Nick Roll, The Christian Science Monitor, 7 July 2021
  • It’s estimated that unbanked and underbanked Americans spend over $180B per year in fees in interest or around $3k per year per person.
    — Frederick Daso, Forbes, 9 June 2022
  • And the government’s vision of giving free digital financial tools to its poor and unbanked people – 9 in 10 Salvadorans don’t have a bank account – has fallen short.
    — Laurent Belsie, The Christian Science Monitor, 2 June 2022
  • Checks arrived late for some of the unbanked:For 'unbanked' Americans, pandemic stimulus checks arrived slowly and with higher fees.
    — Charisse Jones, USA TODAY, 26 Oct. 2022
  • The Fed defines an unbanked individual as someone who does not have a checking, savings, or money market account.
    — Marc Joffe, National Review, 6 May 2021
  • The decline in unbanked households may partially be attributed to the coronavirus pandemic.
    — BostonGlobe.com, 25 Oct. 2022
  • Blockchain technology could drastically improve the lives of the unbanked, as well as those looking to transfer large sums of money instantaneously.
    — Solo Ceesay, Rolling Stone, 14 Dec. 2022
  • Those living in poverty or near the poverty line often are unbanked or underbanked, which can lead to the susceptibility to other scams that perpetuate the spiral of being poor.
    — Ted Glanzer, Hartford Courant, 2 Sep. 2022
  • In Africa, this change in habits has international investors eyeing the lucrative opportunity to bring the unbanked online.
    — Adeline Chen, CNN, 29 Mar. 2021
  • Black and Latino households are the populations most likely to be either unbanked or underbanked in Los Angeles and nationally, Hutt said.
    — Carly Olson, Los Angeles Times, 22 Aug. 2023
  • In that kind of a world, talking about the promise of crypto as a way of empowering the third world, banking the unbanked, supporting people who are marginalized by existing institutions, just clearly starts looking ridiculous.
    — Lauren Goode Gideon Lichfield, WIRED, 26 Sep. 2022
  • Financial inclusion for the underbanked and unbanked is not an unsolvable problem.
    — Wes Schmidt, Forbes, 23 Jan. 2023
  • The pitch to future employees included a social mission of empowering unbanked people around the world, through cryptocurrency, and a company culture to match.
    — Gregory Barber, Wired, 5 Oct. 2020
  • In the past few years, Brazil’s central bank has sought to increase competition by supporting financial startups willing to service the country’s large unbanked population.
    — Paulo Trevisani, WSJ, 8 June 2021
  • At the same time, legacy financial institutions can begin offering DeFi services to the unbanked and underbanked.
    — Michael Kodari, Forbes, 28 June 2022
  • In the greater Milwaukee area approximately, 31 percent of people are unbanked or underbanked, Alberts said.
    — La Risa R. Lynch, Milwaukee Journal Sentinel, 10 Aug. 2021
  • But such businesses exclude certain customers and create an issue of equity since unbanked, elderly and low-income residents rely mostly on cash to get by.
    — Elvia Limón, Los Angeles Times, 23 Aug. 2023
  • When it was conceived in 2009, the Indian government hoped that a new digital payment system could help the unbanked, eliminate black-market activity, and reduce money printing costs.
    — Maju Kuruvilla, Fortune, 14 Sep. 2023
  • Financial inclusion is currently a top priority for governments across sub-Saharan Africa, where about 350 million adults are still unbanked, according to the World Bank.
    — Kingsley Kobo, Quartz, 18 July 2022
  • This digital move is primed to plug millions of unbanked people in those countries into mainstream financial services and prop up businesses especially those in remote areas.
    — Seth Onyango, Quartz, 24 Sep. 2021
  • Latin America still has a large unbanked and underbanked population, with most estimates hovering around 50%.
    — Leo Schwartz, Fortune, 18 Oct. 2022

Some of these examples are programmatically compiled from various online sources to illustrate current usage of the word 'unbanked.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

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