unbanked

English

Etymology

un- +‎ bank +‎ -ed

Adjective

unbanked (not comparable)

1. Not having been banked.
2. Not served by a bank.

   Coordinate term: underbanked

   • 2009 January 2, Xan Rice, “Three million customers and still counting: the bank getting rich by helping the poor”, in The Guardian (London)‎^[1]:

     It targeted the unbanked poor – "the watchmen, tomato sellers and small-scale farmers" whom Mwangi lists as typical customers – with cheap savings accounts and microloans backed by unusual guarantees.

   • 2015 January 18, Charles M. Blow, “How expensive is it to be poor”, in The New York Times:

     [M]any low-income people are "unbanked" (not served by a financial institution), and thus nearly eaten alive by exorbitant fees. As the St. Louis Federal Reserve pointed out in 2010: "Unbanked consumers spend approximately 2.5 to 3 percent of a government benefits check and between 4 percent and 5 percent of payroll check just to cash them. […] ["]

3. (rail transport, rare) Of a train, not having the assistance of a banker (etymology 3) when climbing a steep grade (or bank).
   • 1961 December, “Unbanked trains on the Lickey”, in Trains Illustrated, page 711:

     However, it was recently made obvious, both that the B.R./Sulzer Type 4s can comfortably negotiate the bank without help on the normal express train formations of this route, and also that the Western Region wants to eliminate the expense of providing bankers.

Translations

Not banked — see undeposited

Verb

unbanked

1. simple past and past participle of unbank

References

• “unbanked”, in Lexico, Dictionary.com; Oxford University Press, 2019–2022.