why are there all these unbanked people in the first place? There are a handful of reasons: https://www.fdic.gov/news/events/consumersymposium/2017/documents/b

why are there all these unbanked people in the first place? There are a handful of reasons: https://www.fdic.gov/news/events/consumersymposium/2017/documents/blanco-paper.pdf https://www.fdic.gov/news/events/consumersymposium/2017/docu... One large portion of the unbanked have a low socioeconomic status. Banks tend not to operate in the areas they live. Banks also have limited hours, so if you happen to work during those hours and can't take a day off, when are you going to go? Many banks don't have anyone to speak Spanish. Another is people with poor health and limited cognitive ability. This includes the elderly.