How to Use underbanked in a Sentence

underbanked

adjective

• And there was—and still is—a large underbanked population.
  — Vinod Sreeharsha, WSJ, 8 Dec. 2021
• Among households that are underbanked or have no accounts at all, 14% are Latino as compared with 3% of white households.
  — Charisse Jones, USA TODAY, 11 Jan. 2022
• At the same time, roughly half of the nation’s Black families are unbanked or underbanked, studies show, compared to 15% among white families.
  — William Thornton | [e-mail], al, 10 Mar. 2022
• Progress has been slower, however, reaching the underbanked or households that have a working bank account but don't fully and effectively use the services available to them.
  — Andrew Moreau, Arkansas Online, 6 Nov. 2022
• This is the true end game and the much larger opportunity for superapps: to permanently bring formal banking services to the next 100 million or more underbanked and underserved users.
  — Fortune, 8 Oct. 2021
• Black and Latino households are the populations most likely to be either unbanked or underbanked in Los Angeles and nationally, Hutt said.
  — Carly Olson, Los Angeles Times, 22 Aug. 2023
• Financial inclusion for the underbanked and unbanked is not an unsolvable problem.
  — Wes Schmidt, Forbes, 23 Jan. 2023
• Credit unions are showing similar healthy trends, and the percentage of Americans outside the mainstream financial system — those considered unbanked or underbanked — has declined for most of the past decade.
  — Russ Wiles, The Arizona Republic, 22 Nov. 2021
• Doing so will finally help liberate Black banks from the shadow and suspicion of Freeman’s collapse by enabling their missions to uplift the underbanked and disadvantaged.
  — Kevin Garnett, Time, 1 June 2021
• Community bankers say their institutions, along with credit unions, already fill the void of reaching unbanked and underbanked communities.
  — Washington Post, 9 June 2021
• Unbanked and underbanked rates remain higher among minorities.
  — Andrew Moreau, Arkansas Online, 6 Nov. 2022
• And financial inclusion has yet to be fully realized for Black Americans as 23 million remain unbanked or underbanked.
  — Noel Cody, Essence, 10 Mar. 2022
• Globally, many underbanked populations do not have access to basic financial services like a loan or checking account.
  — Gary Drenik, Forbes, 29 Nov. 2023
• Tucked in this Senate report is the suggestion that a public bank could help improve access to capital for small businesses, particularly those owned by people of color in underbanked neighborhoods.
  — BostonGlobe.com, 6 Oct. 2021
• The effort had such lofty goals as providing financial services to the underbanked and extending the social media company's mission of connecting the world into the burgeoning market for digital money.
  — Clare Duffy, CNN, 1 Feb. 2022
• In announcing the plan, Gillibrand said: Mainstream financial institutions and predatory lenders often take advantage of underbanked Americans with high fees and interest rates that keep them in a cycle of poverty.
  — Marc Joffe, National Review, 6 May 2021
• This is because open finance has the potential to provide better access to financial services to the unbanked and underbanked population, estimated to be around 1.7 billion people globally.
  — Si Katara, Forbes, 16 Mar. 2023
• Roberts said that, in responding to community feedback, the bank also wanted to establish a greater presence among traditionally underbanked Black and Latino populations.
  — María Soledad Davila Calero, Fortune, 6 Feb. 2024
• Elizabeth Glenn, board chair of the Bethel Empowerment center, said the partnership demonstrates the impact financial institutions can have on underserved and underbanked communities.
  — Lorraine Mirabella, baltimoresun.com, 13 Jan. 2022
• In one case study, the report cited a new type of checking account Citibank created after a multi-year inclusion effort to understand the barriers to and reach underbanked areas–often Black and Hispanic/Latine communities–with new financial products.
  — Trier Bryant, Fortune, 17 Mar. 2023
• MNT-Halan has been specializing in mobile payments and financial services for underbanked communities, making waves in the industry with its innovative solutions and rapid growth.
  — Seth Onyango, Quartz, 7 Feb. 2023
• According to official estimates, 40% of Black households in America remain unbanked or underbanked.
  — Omid Malekan, Fortune, 24 Feb. 2023
• Operating as the sole bank within a 10-mile radius, Washington’s People Trust fosters economic opportunities for underserved and underbanked residents, providing a model that could reshape the future of banking.
  — Scott Feinberg, The Hollywood Reporter, 30 Nov. 2023
• CBDCs are being considered by a number of central banks and could offer some potential benefits, including a more efficient mechanism for cross-border transactions and a way to give underbanked consumers access to digital currency.
  — Phillip Molnar, San Diego Union-Tribune, 28 May 2021
• Oliver said banks with focused missions on serving specific underbanked communities have historically found success.
  — Zachary Hansen, ajc, 28 Feb. 2023
• According to Federal Reserve estimates, 70 million Americans are either unbanked or underbanked.
  — Edward Siedle, Forbes, 25 Jan. 2023
• And there was—and still is—a large underbanked population.
  — Vinod Sreeharsha, WSJ, 8 Dec. 2021
• Among households that are underbanked or have no accounts at all, 14% are Latino as compared with 3% of white households.
  — Charisse Jones, USA TODAY, 11 Jan. 2022
• At the same time, roughly half of the nation’s Black families are unbanked or underbanked, studies show, compared to 15% among white families.
  — William Thornton | [e-mail], al, 10 Mar. 2022
• Progress has been slower, however, reaching the underbanked or households that have a working bank account but don't fully and effectively use the services available to them.
  — Andrew Moreau, Arkansas Online, 6 Nov. 2022

Last Updated: 24 Jul 2024