un·banked
ˌən-ˈbaŋ(k)t 
: not banked
especially
: lacking a slope or inward tilt
"A sharp unbanked curve that currently has a reduced speed advisory will be reworked and banked to increase driver safety," said [liaison to the Ocean County Department of Engineering, John P.] Kelly. —
Tri-Town News (Orange County, New Jersey)
Tri-Town News (Orange County, New Jersey) (golf) … an invaluable shot to an unbanked green … —Jimmy Demaret
Jimmy Demaret
: not having money deposited in a bank
unbanked Americans/communities
Currently, it's next to impossible for unbanked people, especially those operating in cash or voucher-based societies, to become eligible for asset-building materials like business loans.—Ellie Anzilotti
Ellie AnzilottiHouseholds with the least education, with disabilities, with the lowest incomes and with the highest variations in monthly income were the most likely to be unbanked.—Erin Schilling
Erin Schilling
also
: not deposited in a bank
unbanked money
: people who do not have money deposited in a bank
the growing numbers of unbanked
—usually used with theNever mind the practicality of cheques or ATM machines, let alone the luxury of credit cards or airline miles: the unbanked have no checking, savings or mobile money provider accounts, no access to financial products like insurance, loans or mortgages, no protection for their money from theft or loss.—Luca Ventura
Luca VenturaAs online transactions become ubiquitous, life has become more challenging for those who rely on cash: the unbanked, those who don't or can't access banking and financial services, and the underbanked, those who don't make full use of such services.—Jackie Benton
Jackie BentonExamples of unbanked in a Sentence
Recent Examples on the WebJulie Samuels, New York Daily News, 9 Apr. 2024
The other, of course, is to eliminate paper currency entirely, while ensuring that free basic banking services were available to all, either by introducing a central bank digital currency or by requiring banks to offer free basic accounts to unbanked individuals (as, say, Japan does).
—Kenneth S. Rogoff, Foreign Affairs, 24 Oct. 2022
Latino and Black households represent 64% of the country’s unbanked and 47% of its underbanked households.
—Jennah Pendleton, Sacramento Bee, 3 June 2024
Bangladesh, however, has one of the world’s largest unbanked populations – 60 million adults – and an overall population of 169 million not especially well served by incumbent lenders.
—Zennon Kapron, Forbes, 29 Mar. 2024
See all Example Sentences for unbanked 
Adjective
The company’s Angeleno Connect program in Los Angeles, launched in 2020, has successfully reduced government costs of providing resources to unbanked and underbanked people in the city.
—Julie Samuels, New York Daily News, 9 Apr. 2024
The other, of course, is to eliminate paper currency entirely, while ensuring that free basic banking services were available to all, either by introducing a central bank digital currency or by requiring banks to offer free basic accounts to unbanked individuals (as, say, Japan does).
—Kenneth S. Rogoff, Foreign Affairs, 24 Oct. 2022
Latino and Black households represent 64% of the country’s unbanked and 47% of its underbanked households.
—Jennah Pendleton, Sacramento Bee, 3 June 2024
Bangladesh, however, has one of the world’s largest unbanked populations – 60 million adults – and an overall population of 169 million not especially well served by incumbent lenders.
—Zennon Kapron, Forbes, 29 Mar. 2024
See all Example Sentences for unbanked
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'unbanked.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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Cite this Entry
“Unbanked.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/unbanked. Accessed 4 Jul. 2024.
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