Bank On

Did You Know:

• Close to 7% of U.S. households (approximately 14 million adults) are “unbanked,” meaning without a checking or savings account.
• Almost 20% of U.S. households (approximately 50 million adults) are underbanked, meaning they use some fringe financial services.
• Nearly 37% of unbanked and 45% of underbanked households earn less than $30,000 per year.
• Nationally, more than half of Black households and 46% of Hispanic households are unbanked or underbanked, compared to less than 20% of white households.