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English definition of “underbanked”


/ˌʌndəˈbæŋkt/ 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.
(Definition of underbanked from the Cambridge Business English Dictionary © Cambridge University Press)
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