Sentences with phrase «underbanked households»
By comparison, 19.6 % of underbanked households and 8.8 % of fully banked households had used prepaid cards in 2013.
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Last week, the FDIC released its 2013 National Survey of Unbanked and Underbanked Households.
When combined, unbanked and underbanked households comprised the majority (55 %) of prepaid card users in the previous 12 months.
According to the most recent FDIC National Survey of Unbanked and Underbanked Households, 7 percent of Americans are unbanked, and almost 28 percent of those households cited bank fees as the reason.
Not exact matches
About one in 10 U.S. households use a prepaid debit card, with half of those households considered to be either unbanked or underbanked — the latter being defined as having one account at a financial institution but also using alternative financial products.
Another 20 % of households were underbanked.
The Federal Deposit Insurance Corporation (FDIC) reports that in 2013, 7.7 percent of American households (17 million adults) were unbanked and 20 percent (51 million adults) were underbanked.