How to Use underbanked in a Sentence

underbanked

adjective
  • However, this same process often alienates the underbanked.
    — Akhil Gupta, Forbes.com, 18 Sep. 2025
  • Those who are underbanked also cited concerns about fees, privacy or general distrust of banks.
    — Sara Chernikoff, USA Today, 25 July 2025
  • 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
  • Unbanked and underbanked rates remain higher among minorities.
    — Andrew Moreau, Arkansas Online, 6 Nov. 2022
  • Financial inclusion for the underbanked and unbanked is not an unsolvable problem.
    — Wes Schmidt, Forbes, 23 Jan. 2023
  • Unbanked versus underbanked Unbanked means having neither a checking nor savings account at a bank or credit union.
    — Medora Lee, USA Today, 16 Dec. 2025
  • However, this approach can fail the underbanked who don’t have an existing file against which their information can be validated.
    — Akhil Gupta, Forbes.com, 18 Sep. 2025
  • At various points, several were valued well north of $1 billion, reflecting big bets on how fast Africa’s underbanked markets would scale.
    — Yinka Adegoke, semafor.com, 3 Mar. 2025
  • Globally, many underbanked populations do not have access to basic financial services like a loan or checking account.
    — Gary Drenik, Forbes, 29 Nov. 2023
  • 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
  • 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 | [email protected], al, 10 Mar. 2022
  • Many traditional lenders also rely on credit bureaus, which don’t cover many underbanked people, again denying them access to financing.
    — Nicholas Gordon, Fortune, 13 Jan. 2026
  • Community bankers say their institutions, along with credit unions, already fill the void of reaching unbanked and underbanked communities.
    — Washington Post, 9 June 2021
  • In underbanked markets—particularly those plagued by high rates of online fraud—newer fintechs must work hard to win the trust of customers who might be skeptical about using digital services.
    — Murtaza Ali, Forbes.com, 10 June 2025
  • The people who have benefited most from the infrastructure for electronic transactions are low-income Americans who are unbanked or underbanked.
    — Stephen Moore, Boston Herald, 10 Mar. 2025
  • Oliver said banks with focused missions on serving specific underbanked communities have historically found success.
    — Zachary Hansen, ajc, 28 Feb. 2023
  • 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
  • Cut off from white consumers, government contracts, and investment networks, Black businesses were forced to rely almost exclusively on a poorer, underbanked customer base.
    — Ed Gaskin, Boston Herald, 31 Aug. 2025
  • But the company also recognized a huge opportunity, a large unbanked and underbanked market in Brazil and Latin America.
    — Vinod Sreeharsha, Miami Herald, 4 Mar. 2026
  • 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
  • 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
  • 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
  • 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
  • The millions of Americans who remain unbanked or underbanked would finally have access to basic financial services without requiring a traditional bank account.
    — Nicholas Creel, MSNBC Newsweek, 1 Aug. 2025
  • The odds are even lower for historically underbanked communities, including immigrant entrepreneurs.
    — Scott Horsley, NPR, 9 Feb. 2026
  • There is an opportunity to work with the card networks, credit bureaus and other financial institutions to structure debit card usage in ways that help underbanked consumers build credit through existing spending behaviors.
    — Akhil Gupta, Forbes.com, 18 Sep. 2025
  • According to official estimates, 40% of Black households in America remain unbanked or underbanked.
    — Omid Malekan, Fortune, 24 Feb. 2023
  • But considering that many global citizens remain unbanked or underbanked, this technology could be more complementary than competitive with traditional banking in the medium term.
    — Boaz Sobrado, Forbes, 9 Mar. 2025
  • Use mobile apps, online courses and fintech solutions to reach underbanked and geographically isolated populations.
    — Kevin Cohee, Forbes.com, 3 Sep. 2025

Some of these examples are programmatically compiled from various online sources to illustrate current usage of the word 'underbanked.' 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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