Underbanked

adj

adj ·Rare ·Advanced level

Definitions

Adjective
  1. 1
    Having inadequate access to financial services or formal banking facilities.

    "In some contexts, the fact that the unbanked or underbanked individuals use fringe banking services is a matter of some considerable concern since they tend to be associated with exorbitant costs and unfair conditions."

Example

More examples

"Algeria is currently underbanked."

Etymology

From under- + banked.

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Data sourced from Wiktionary, WordNet, CMU, and other open linguistic databases. Updated March 2026.