Understanding Both The Unbanked And The Underbanked
By Jordan Meadows Staff Writer Despite advancements in banking accessibility and technology, a sizable portion of the population in the United States remains unbanked or underbanked. An unbanked individual refers to someone who doesn't have a checking or savings account at a bank or credit union. They primarily rely on alternative financial services like check cashing services, money orders, or payday loans for their financial transactions. On the other hand,