How to Use unbanked in a Sentence

unbanked

adjective

• 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 | [e-mail], 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

Last Updated: 5 Sep 2024