Definitions
from The American Heritage® Dictionary of the English Language, 5th Edition.
- adjective Having access to financial services, as in a bank account or credit card, but using them rarely or irregularly.
- noun plural People who are underbanked. Used with the.
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- adjective Having inadequate access to
banking facilities.
Etymologies
from Wiktionary, Creative Commons Attribution/Share-Alike License
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Examples
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"underbanked" -- which the FDIC defines as a household that has a checking account or a savings account but relies on alternative financial services.
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"underbanked" -- which the FDIC defines as a household that has a checking account or a savings account but relies on alternative financial services.
AlterNet.org Main RSS Feed Christopher Moraff, Philadelphia Inquirer 2010
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"underbanked" -- which the FDIC defines as a household that has a checking account or a savings account but relies on alternative financial services.
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The States that have been identified as underbanked by the RBI are the seven North-Eastern States, Bihar, Jharkhand, Madhya Pradesh, Uttar Pradesh, Chhattisgarh, Orissa, Rajasthan, West Bengal, and the Union Territory of Dadra and Nagar Haveli.
unknown title 2009
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It targets "underbanked" consumers — people who don't have traditional bank accounts.
NetSpend IPO Beats a China One Lynn Cowan 2010
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NetSpend is a major player in prepaid debit cards, an industry that caters to what is known as "underbanked" consumers — people who don't have traditional bank accounts.
An IPO Closer to Home Lynn Cowan 2010
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About 17 million adults do not have access to a bank account and an additional 43 million are "underbanked," meaning they rely on alternative financial services such as payday loans at least once a year, according to a survey last year by the Federal Deposit Insurance Corp.
Russell Simmons wins swipe fee deal for his prepaid card 2010
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About 17 million adults do not have access to a bank account and an additional 43 million are "underbanked," meaning they rely on alternative financial services such as payday loans at least once a year, according to a survey last year by the Federal Deposit Insurance Corp.
Russell Simmons wins swipe fee deal for his prepaid card 2010
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Along with the unbanked, 21 million more Americans are considered "underbanked" people who have checking accounts but often turn to higher-cost services, such as payday loans and car-title loans, with annualized interest rates frequently exceeding 300%.
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About 17 million adults do not have access to a bank account and an additional 43 million are "underbanked," meaning they rely on alternative financial services such as payday loans at least once a year, according to a survey last year by the Federal Deposit Insurance Corp.
Russell Simmons wins swipe fee deal for his prepaid card 2010
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