How to Use unbanked in a Sentence

unbanked

adjective
  • And under the status quo, unbanked people already lose a large slice of those refunds to fees.
    — Beverly Moran, The Conversation, 26 Jan. 2026
  • About 5% percent of households in the US are still unbanked or underbanked.
    — Chris Wellisz, CNN, 20 Mar. 2022
  • In sub-Saharan Africa, 57% of adults remain unbanked.
    — Serge Beck, Forbes.com, 5 Feb. 2026
  • Pathward says its purpose is to work with companies to reach the unbanked and underserved and compete with traditional banks.
    — Dallas News, 13 Sep. 2022
  • Kodali also said that Walmart has many shoppers who are cash-only or unbanked, which isn’t represented in the data.
    — Michelle Cheng, Quartz, 17 Aug. 2022
  • The true number of unbanked people is likely higher than the FDIC estimates.
    — Jay L. Zagorsky, The Conversation, 22 Jan. 2024
  • The Fed defines an unbanked individual as someone who does not have a checking, savings, or money market account.
    — Marc Joffe, National Review, 6 May 2021
  • The decline in unbanked households may partially be attributed to the coronavirus pandemic.
    — BostonGlobe.com, 25 Oct. 2022
  • Twenty-three percent of people who earn under $25,000 were unbanked in 2023.
    — Beverly Moran, The Conversation, 26 Jan. 2026
  • The suit painted a picture of a person intent on pitching himself as a hero for the unbanked and working-class when much of these people’s money was in fact used to fund highly risky investments.
    — Steven Zeitchik, Washington Post, 5 Jan. 2023
  • That unbanked percentage rises to 22% for those with an income below $25,000.
    — Chris Isidore, CNN Money, 5 Dec. 2025
  • Fintech companies have expanded in recent years to reach unbanked people who could access digital financial services via a mobile phone.
    — semafor.com, 8 Oct. 2025
  • According to a report by The World Bank, close to a third of adults were still categorized as unbanked in 2017.
    — Bill Hardekopf, Forbes, 16 Mar. 2023
  • Blockchain technology could drastically improve the lives of the unbanked, as well as those looking to transfer large sums of money instantaneously.
    — Solo Ceesay, Rolling Stone, 14 Dec. 2022
  • Being unbanked is often associated with less ability to move up the social ladder and contribute to economic growth.
    — Krysta Escobar, CNBC, 15 Apr. 2026
  • Reform could leave the unbanked behind Shifting to electronic payments is a classic modernization effort.
    — Beverly Moran, The Conversation, 26 Jan. 2026
  • The Fed found unbanked and underbanked rates are higher among adults with lower income and less education, along with Black and Hispanic adults.
    — Richard McGill Murphy, Forbes, 19 Dec. 2022
  • But such businesses exclude certain customers and create an issue of equity since unbanked, elderly and low-income residents rely mostly on cash to get by.
    — Elvia Limón, Los Angeles Times, 23 Aug. 2023
  • Those living in poverty or near the poverty line often are unbanked or underbanked, which can lead to the susceptibility to other scams that perpetuate the spiral of being poor.
    — Ted Glanzer, Hartford Courant, 2 Sep. 2022
  • In Africa, this change in habits has international investors eyeing the lucrative opportunity to bring the unbanked online.
    — Adeline Chen, CNN, 29 Mar. 2021
  • This digital move is primed to plug millions of unbanked people in those countries into mainstream financial services and prop up businesses especially those in remote areas.
    — Seth Onyango, Quartz, 24 Sep. 2021
  • The pitch to future employees included a social mission of empowering unbanked people around the world, through cryptocurrency, and a company culture to match.
    — Gregory Barber, Wired, 5 Oct. 2020
  • Latin America still has a large unbanked and underbanked population, with most estimates hovering around 50%.
    — Leo Schwartz, Fortune, 18 Oct. 2022
  • At the same time, legacy financial institutions can begin offering DeFi services to the unbanked and underbanked.
    — Michael Kodari, Forbes, 28 June 2022
  • In the past few years, Brazil’s central bank has sought to increase competition by supporting financial startups willing to service the country’s large unbanked population.
    — Paulo Trevisani, WSJ, 8 June 2021
  • It’s estimated that unbanked and underbanked Americans spend over $180B per year in fees in interest or around $3k per year per person.
    — Frederick Daso, Forbes, 9 June 2022
  • And the government’s vision of giving free digital financial tools to its poor and unbanked people – 9 in 10 Salvadorans don’t have a bank account – has fallen short.
    — Laurent Belsie, The Christian Science Monitor, 2 June 2022
  • These are not the unbanked Americans whose financial ambitions supposedly are liberated by crypto.
    — Michael Hiltzik, Los Angeles Times, 17 Feb. 2023
  • In the greater Milwaukee area approximately, 31 percent of people are unbanked or underbanked, Alberts said.
    — La Risa R. Lynch, Milwaukee Journal Sentinel, 10 Aug. 2021
  • In that kind of a world, talking about the promise of crypto as a way of empowering the third world, banking the unbanked, supporting people who are marginalized by existing institutions, just clearly starts looking ridiculous.
    — Lauren Goode Gideon Lichfield, WIRED, 26 Sep. 2022

Some of these examples are programmatically compiled from various online sources to illustrate current usage of the word 'unbanked.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

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