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The possibility for prepaid cards on the list of unbanked populace

The possibility for prepaid cards on the list of unbanked populace

Since 2009 the FDIC has asked Americans nationwide about their banking practices within the U.S. Census Bureau’s active Population Survey. The FDIC is required to conduct ongoing surveys about unbanked consumers and banks’ efforts to reach them under a 2005 law. The newest National Survey of Unbanked and Underbanked Households estimated that the amount of unbanked consumers increased from 7.6 per cent during 2009 to 8.2 per cent last year.

Unbanked customers need better options that are financial

In accordance with the FDIC study, unbanked customers give a few major causes for perhaps perhaps maybe not having bank reports. About one-third of unbanked households—whether or perhaps not they will have previously had an account—claim which they don’t actually have a banking account as they do not can pay for.