underbanked

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English

Etymology

From under- +‎ banked.

Pronunciation

  • Audio (US):(file)

Adjective

underbanked (comparative more underbanked, superlative most underbanked)

  1. Having inadequate access to financial services or formal banking facilities.
    Coordinate term: unbanked
    • 2007, Luisa Anderloni, Maria Debora Braga, Emanuele Maria Carluccio, New Frontiers in Banking Services, page 15:
      In some contexts, the fact that the unbanked or underbanked individuals use fringe banking services is a matter of some considerable concern since they tend to be associated with exorbitant costs and unfair conditions.
    • 2008 March 8, Liz Galst, “Banks Springing Up to Serve the Underserved”, in New York Times:
      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.”