underbanked
Limited banking access
Underbanked describes people or communities who have basic bank accounts but lack access to broader financial services—credit cards, loans, savings products—often relying on alternative services like check-cashing outlets or payday lenders.
The term distinguishes those with limited banking relationships from the unbanked, who have no accounts at all: Underbanked households pay more for basic financial transactions.
Insufficiently provided for
- remittancesPayments sent abroad
- pawnshopsCollateral-based loan businesses
- microfinanceSmall loans for poor entrepreneurs
- fintechTech-driven monetary services
underserved
Insufficiently provided for
- remittancesPayments sent abroad
- pawnshopsCollateral-based loan businesses
- microfinanceSmall loans for poor entrepreneurs
- microfinancemicrocredit, small loans, microloan, microloans, group lending
- financial biasredlining, credit denial, loan denial, fair lending, interest rates