Proof Point
Not having enough money to maintain bank account significantly topped list of reasons U.S. household remains unbanked in 2015
Main Reason for Not Having Bank Account Among Unbanked U.S. Households
2015 (percentage)
| Note: | Survey administered by Federal Deposit Insurance Corporation in partnership with the U.S. Census Bureau, collecting responses from more than 36,000 households, which provides estimates of U.S. households that have account or obtained alternative financial services in the past 12 months in June 2015 |
Proof Point Findings
- Unbanked Households – Households with no accounts at any financial institution or no access to financial products and services
- Insufficient Funds – Not having enough money for account main reason U.S households are still unbanked in 2015
- Accessible Financial Institutions – Only few households mentioned accessibility of banks, such as operating hours (3.3%) and location (2%), as top reason for not having bank accounts
- Key Growth Drivers – Include increasing accessibility of financial products and services, proliferation of startups offering alternative banking services, growing demand for on-demand services, improving household monthly income and employment rates, and strengthening regulations to promote more inclusive financial services
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Market Disruption |
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Sector |
Financial Services
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Source |
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Date Last Updated |
June 15, 2017
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