Definition of unbanked in English:

unbanked

adjective

  • Not served by a bank or similar financial institution.

    ‘we know from our own research that there are still 250,000 people in the country who are unbanked’
    • ‘He says that Kenya's unbanked population remains large.’
    • ‘If the government steps aside, a free market will continue to reach out and draw the unbanked into the financial mainstream.’
    • ‘The FDIC program demonstrates that unbanked Latin American immigrants can be brought into the financial mainstream.’
    • ‘The unbanked tend to be poor.’
    • ‘A mere 11 percent of the unbanked spent more than $100 a year to cash checks.’
    • ‘Bank of Scotland is currently celebrating the first birthday of moves to extend banking to the unbanked in a poor area of Edinburgh through linking with Wester Hailes Representative Council.’
    • ‘In Kenya 80% of people are unbanked.’
    • ‘We want to see banks starting to lend to the unbanked population.’
    • ‘Eight out of 10 unbanked families earn less than $25,000 a year.’
    • ‘These branches will afford the unbanked population with affordable minimum bank balance accounts that currently are unobtainable from most commercial banks.’
    • ‘One fund actively invests in developmental and promotional activities in unbanked areas.’
    • ‘Payday lenders provide a means for the unbanked to join the financial mainstream.’
    • ‘The initiative has led to the promotion of Easy Cash, its basic bank account to the previously unbanked which has helped them gain the first foot on the ladder to sound financial planning.’
    • ‘To her surprise, Dunham found that two out of three unbanked individuals paid nothing to get cash.’
    • ‘The unbanked often end up paying usurious fees at check-cashing establishments.’
    • ‘It is the poor and the carless "unbanked" elderly who suffer.’
    • ‘There are almost 10 million unbanked U.S. households, according to Department of Treasury figures.’
    • ‘For most of the unbanked, check-cashing services, supermarkets, and other outlets fill in the blanks.’
    • ‘Although I am not among the "unbanked," I can identify with them, since sometimes I am close enough to living paycheck-to-paycheck that I need money fast and can't wait for a check to clear at my bank.’

Pronunciation

unbanked

/ˌənˈbaNGkt//ˌənˈbæŋkt/