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Pronunciation varies by accent · adjective
Having inadequate access to financial services or formal banking facilities..
In some contexts, the fact that the unbanked or underbanked individuals use fringe banking services is a matter of some considerable concern since they tend to be associated with exorbitant costs and unfair conditions.
According to a 2004 report by the Federal Deposit Insurance Corporation, the “rapid growth of the underbanked Hispanic market suggests a new growth opportunity for many institutions.”
Use underbanked when its meaning, tone and grammar fit the full sentence. A synonym is not always a direct replacement.
Underbanked means Having inadequate access to financial services or formal banking facilities..
The closest synonym depends on the sentence and intended sense.
The opposite depends on the specific sense.
In some contexts, the fact that the unbanked or underbanked individuals use fringe banking services is a matter of some considerable concern since they tend to be associated with exorbitant costs and unfair conditions.
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