U.S. Household Banking Status

Proof Point

Approximately 27% or 34.5 million U.S. households still either unbanked or underbanked in 2015

U.S. Household Banking Status

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

  • Household Banking Status – Fully banked have accounts in insured financial institutions, underbanked rely on alternative banking services such as money orders, international remittances or non-bank products, while unbanked have no access to financial services
  • Current Banking Status – Though majority of U.S. households (68%) were fully banked, 24.5 million households (20%) were still underbanked and nine million households (7%) were unbanked in 2015
  • Untapped Opportunity – Financial institutions have opportunity to help meet banking needs of unbanked and underbanked households
  • Key Growth Drivers – Include increasing accessibility of financial products and services, proliferation of startups offering alternative banking services, growing demand for financial insurance and security, improving household monthly income and employment rates, and strengthening regulations to promote more inclusive financial services

Market Disruption


Financial Services


Date Last Updated

June 14, 2017

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