Infographic: Who are the underbanked?

Infographic: Who are the underbanked?

Infographic: Who are the underbanked?

 

According to the Federal Deposit Insurance Corporation (FDIC),the underbanked are households with a checking or saving account but are credit invisible.

They rely on alternative financial services such as: Money Orders, Check Cashing Services, Payday/Refund Anticipation, Pawn Shop/Auto Title Loans, Rent-to-own Services.

 

 

 

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