Unbanked meaning

ŭn-băngkt'
Not having or having never had a savings, checking, or other account with a bank.
adjective
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People who are unbanked. Used with the.
pluralNoun
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People who do not have bank accounts. Also called the "underbanked," such individuals rely on non-bank check cashing, payday lending, money order, and money transfer services for their financial transactions.
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Not having been banked.
adjective
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Not served by a bank.
adjective
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Origin of unbanked

  • un- +"Ž bank +"Ž -ed
    From Wiktionary