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under- +‎ banked


underbanked (comparative more underbanked, superlative most underbanked)

  1. Having inadequate access to financial services or formal banking facilities.
    New fintech startups are catering to the tens of millions of unbanked people in rural India.
    • 2008 March 8, Liz Galst, “Banks Springing Up to Serve the Underserved”, in New York Times[1]:
      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.”

Related terms[edit]