Meaning of “underbanked” in the English Dictionary

"underbanked" in Business English

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underbankedadjective

uk /ˌʌndəˈbæŋkt/ us BANKING, FINANCE

used to describe groups of people with a particular level of income who do not use all the financial services that those with that income would normally be expected to use:

The program will provide underbanked workers with access to low-cost financial accounts.

the underbankednoun [ plural ]

uk us BANKING, FINANCE

the people with a particular level of income who do not use all the financial services that those with that income would normally be expected to use:

Mobile phones could be used to provide financial services to the underbanked.

(Definition of “underbanked” from the Cambridge Business English Dictionary © Cambridge University Press)