What does unbanked mean?
Unbanked means Not having been banked..
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Pronunciation varies by accent · adjective
Not having been banked..
It targeted the unbanked poor – "the watchmen, tomato sellers and small-scale farmers" whom Mwangi lists as typical customers – with cheap savings accounts and microloans backed by unusual guarantees.
[M]any low-income people are "unbanked" (not served by a financial institution), and thus nearly eaten alive by exorbitant fees. As the St. Louis Federal Reserve pointed out in 2010: "Unbanked consumers spend approximately 2.5 to 3 percent of a government benefits check and between 4 percent and 5 percent of payroll check just to cash them. […]["]
But many feel as though it’s a matter of time before the MTA stops accepting cash, like many retailers have, which has essentially excluded people who are unbanked and lack a credit or debit card.
However, it was recently made obvious, both that the B.R./Sulzer Type 4s can comfortably negotiate the bank without help on the normal express train formations of this route, and also that the Western Region wants to eliminate the expense of providing bankers.
Use unbanked when its meaning, tone and grammar fit the full sentence. A synonym is not always a direct replacement.
Unbanked means Not having been banked..
The closest synonym depends on the sentence and intended sense.
The opposite depends on the specific sense.
It targeted the unbanked poor – "the watchmen, tomato sellers and small-scale farmers" whom Mwangi lists as typical customers – with cheap savings accounts and microloans backed by unusual guarantees.
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