Unbanked meaning
Not having or having never had a savings, checking, or other account with a bank.
adjective
People who are unbanked. Used with the.
pluralNoun
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.
Advertisement
Origin of unbanked
- un- +"Ž bank +"Ž -ed
From Wiktionary