Note that the FDIC's 2023 survey of "National Survey of Unbanked and Underbanked Households" asks crypto questions, and surprise surprise, the "banked" use crypto far more than the "unbanked".
fdic.gov/household-su...
fdic.gov/household-su...
May 26, 2025 at 12:32 AM
Note that the FDIC's 2023 survey of "National Survey of Unbanked and Underbanked Households" asks crypto questions, and surprise surprise, the "banked" use crypto far more than the "unbanked".
fdic.gov/household-su...
fdic.gov/household-su...
According to the FDIC, 14.2% of Americans are underbanked. I’ve lived this reality, and it means more fees, more barriers, and makes an already tight financial situation worse.
April 24, 2025 at 5:07 PM
According to the FDIC, 14.2% of Americans are underbanked. I’ve lived this reality, and it means more fees, more barriers, and makes an already tight financial situation worse.
🚨BREAKING: California State Budget includes $1M for CalAccount! The Legislature will move forward with implementing a first-in-the-nation fee-free public banking option for millions of unbanked & underbanked Californians.
seiuca.org/press-releas...
seiuca.org/press-releas...
July 2, 2025 at 8:07 PM
🚨BREAKING: California State Budget includes $1M for CalAccount! The Legislature will move forward with implementing a first-in-the-nation fee-free public banking option for millions of unbanked & underbanked Californians.
seiuca.org/press-releas...
seiuca.org/press-releas...
A ton of low-wage workers don't get direct deposit, but get paid on payroll cards.
14.2 % of households are unbanked or underbanked.
www.fdic.gov/household-su...
14.2 % of households are unbanked or underbanked.
www.fdic.gov/household-su...
2023 FDIC National Survey of Unbanked and Underbanked Households | FDIC.gov
www.fdic.gov
March 25, 2025 at 11:16 AM
A ton of low-wage workers don't get direct deposit, but get paid on payroll cards.
14.2 % of households are unbanked or underbanked.
www.fdic.gov/household-su...
14.2 % of households are unbanked or underbanked.
www.fdic.gov/household-su...
I really want to hammer what this means. @mcuban.bsky.social is combining an un and underbanked narrative with his narrative about the crypto usage of young men. According to the best data we have, a 2023 FDIC survey, only about 1% of crypto users are unbanked.
Note that the FDIC's 2023 survey of "National Survey of Unbanked and Underbanked Households" asks crypto questions, and surprise surprise, the "banked" use crypto far more than the "unbanked".
fdic.gov/household-su...
fdic.gov/household-su...
May 26, 2025 at 12:47 AM
I really want to hammer what this means. @mcuban.bsky.social is combining an un and underbanked narrative with his narrative about the crypto usage of young men. According to the best data we have, a 2023 FDIC survey, only about 1% of crypto users are unbanked.
yeah there are a few institutions with "second chance" accounts but the overwhelming majority of the system won't touch them. most end up unbanked, underbanked, or using an account in another person's name (e.g. their wife)
May 28, 2025 at 4:09 AM
yeah there are a few institutions with "second chance" accounts but the overwhelming majority of the system won't touch them. most end up unbanked, underbanked, or using an account in another person's name (e.g. their wife)
I think Creasy is underbanked as a serious player in the next phase of Labour once Starmer takes a hint
March 5, 2026 at 9:17 PM
I think Creasy is underbanked as a serious player in the next phase of Labour once Starmer takes a hint
The US consumer is like whatever the opposite of “underbanked” is. There was A Minor Incident about 20 years ago which was not caused by the inability of extremely poor people to get loans or the unwillingness of the financial sector to extend them.
April 2, 2025 at 3:41 AM
The US consumer is like whatever the opposite of “underbanked” is. There was A Minor Incident about 20 years ago which was not caused by the inability of extremely poor people to get loans or the unwillingness of the financial sector to extend them.
post offices could potentially serve as community financial resources like credit unions for the underbanked but instead this grifter is looking for a money-grab
USPS chief warns post offices could disappear, details DOGE cuts
USPS chief warns post offices could disappear, details DOGE cuts
Postmaster General Louis DeJoy said DOGE is helping as the agency enters a “historic level of transformational change.”
www.al.com
March 21, 2025 at 1:35 PM
post offices could potentially serve as community financial resources like credit unions for the underbanked but instead this grifter is looking for a money-grab
Big win today! AB 1365 passed the Assembly Banking Committee, bringing us closer to #CalAccount, a no-cost, penalty-free bank account for all Californians. With 1 in 6 households unbanked or underbanked, this is a major step toward financial justice.
April 22, 2025 at 3:12 AM
Big win today! AB 1365 passed the Assembly Banking Committee, bringing us closer to #CalAccount, a no-cost, penalty-free bank account for all Californians. With 1 in 6 households unbanked or underbanked, this is a major step toward financial justice.
What's better, a post office that's also a socially-conscious bank, doesn't cost the taxpayers anything, helps service the underbanked, and has funds to subsidize other services people need, or a post office that costs the gov a billion dollars every year?
One of these things is objectively better.
One of these things is objectively better.
February 7, 2026 at 7:28 PM
What's better, a post office that's also a socially-conscious bank, doesn't cost the taxpayers anything, helps service the underbanked, and has funds to subsidize other services people need, or a post office that costs the gov a billion dollars every year?
One of these things is objectively better.
One of these things is objectively better.
Salmon is targeting underbanked Filipinos, with little to no credit history, as well as people unhappy with the incumbent lenders' reliability issues.
Salmon raises $100M in equity and debt to bring digital credit to underbanked Filipinos | TechCrunch
Salmon is targeting underbanked Filipinos, with little to no credit history, as well as people unhappy with the incumbent lenders' reliability issues.
techcrunch.com
April 23, 2026 at 2:59 PM
Salmon is targeting underbanked Filipinos, with little to no credit history, as well as people unhappy with the incumbent lenders' reliability issues.
I’d rather eat at a cash-only place than a card-only place tbh
Only one of those discriminates against the unbanked and the underbanked
Only one of those discriminates against the unbanked and the underbanked
March 30, 2024 at 7:08 PM
I’d rather eat at a cash-only place than a card-only place tbh
Only one of those discriminates against the unbanked and the underbanked
Only one of those discriminates against the unbanked and the underbanked
Bank cards as ID good. Digital ID (that I already have in my Google Wallet) good. That leaves a tiny proportion who are underbanked and have no other ID who can use Voter Authority Certificate. I also would prefer to see it scrapped.
I’ve had a quick skim of this and it seems… really good. The least-worst voter ID system possible (I’d scrap it, but still) and tons of sensible things on automatic registration, electoral admin etc. Nearly the full wish list of feasible asks www.gov.uk/government/p...
Restoring trust in our democracy: Our strategy for modern and secure elections
www.gov.uk
July 17, 2025 at 10:06 AM
Bank cards as ID good. Digital ID (that I already have in my Google Wallet) good. That leaves a tiny proportion who are underbanked and have no other ID who can use Voter Authority Certificate. I also would prefer to see it scrapped.
The un- or underbanked, mostly. About 5 million households don't have bank accounts.
April 2, 2025 at 6:58 PM
The un- or underbanked, mostly. About 5 million households don't have bank accounts.
there's a bunch of philanthropy around underbanked people that is basically rich and out of touch people who are just profoundly unaware of who actually fails to get a bank account and why, and where the problem actually is
March 25, 2025 at 3:05 PM
there's a bunch of philanthropy around underbanked people that is basically rich and out of touch people who are just profoundly unaware of who actually fails to get a bank account and why, and where the problem actually is
Reminds me of Mark Cuban claiming young men invest in crypto because they don’t have bank accounts. Being unbanked or underbanked is a real issue, but there isn’t some magical way women have an easier time getting bank accounts!
November 10, 2025 at 7:58 PM
Reminds me of Mark Cuban claiming young men invest in crypto because they don’t have bank accounts. Being unbanked or underbanked is a real issue, but there isn’t some magical way women have an easier time getting bank accounts!
OnlyFans is in talks to sell a 60% stake in the company to Architect Capital, a San Francisco private equity firm that reportedly sees value in "underbanked" creators, believing the company could go public as soon as 2028.
OnlyFans in talks to sell majority stake to Architect Capital, source says
OnlyFans is exploring selling a majority stake to investment firm Architect Capital in a deal valuing the adult content social media site at around $5.5 billion, including debt, a person familiar wi...
www.reuters.com
January 30, 2026 at 10:33 PM
OnlyFans is in talks to sell a 60% stake in the company to Architect Capital, a San Francisco private equity firm that reportedly sees value in "underbanked" creators, believing the company could go public as soon as 2028.
The elderly and underbanked are just two groups that are disadvantaged if not entirely excluded when you continue to “upgrade” a payment situation that many people rely on.
December 7, 2024 at 11:55 PM
The elderly and underbanked are just two groups that are disadvantaged if not entirely excluded when you continue to “upgrade” a payment situation that many people rely on.
5. "Canadian already have bank accounts." Over 1 million Cdns are "unbanked" (no account) and 5 million "underbanked"(rarely use banking services). France's postal bank specifically targets underserved customers with low, capped fee accounts as well as credit-building products. We could do the same.
October 16, 2025 at 5:33 PM
5. "Canadian already have bank accounts." Over 1 million Cdns are "unbanked" (no account) and 5 million "underbanked"(rarely use banking services). France's postal bank specifically targets underserved customers with low, capped fee accounts as well as credit-building products. We could do the same.
Crypto isn’t serving the unbanked and underbanked in America.
That narrative has been floating around since the beginning and it simply doesn’t hold water.
BT and I have discussed this before: the problem for the unbanked in America isn’t no access to banks, IT’S LIVING PAYCHECK TO PAYCHECK.
That narrative has been floating around since the beginning and it simply doesn’t hold water.
BT and I have discussed this before: the problem for the unbanked in America isn’t no access to banks, IT’S LIVING PAYCHECK TO PAYCHECK.
May 22, 2025 at 5:23 PM
Crypto isn’t serving the unbanked and underbanked in America.
That narrative has been floating around since the beginning and it simply doesn’t hold water.
BT and I have discussed this before: the problem for the unbanked in America isn’t no access to banks, IT’S LIVING PAYCHECK TO PAYCHECK.
That narrative has been floating around since the beginning and it simply doesn’t hold water.
BT and I have discussed this before: the problem for the unbanked in America isn’t no access to banks, IT’S LIVING PAYCHECK TO PAYCHECK.
a lot of my job now involves working with underbanked/non-banked individuals and let me tell you: it is *NOT* easy to live without a bank in 2024
September 2, 2024 at 12:01 PM
a lot of my job now involves working with underbanked/non-banked individuals and let me tell you: it is *NOT* easy to live without a bank in 2024
Americans are already underbanked, preyed upon by payday loan sharks and check cashing clip joints.
People who live without credit cards can already be locked out of a lot of financial & govt programs bc one of the THREE companies that monitor credit can’t assign them a credit rating.
People who live without credit cards can already be locked out of a lot of financial & govt programs bc one of the THREE companies that monitor credit can’t assign them a credit rating.
Not only does the Trump Administration want to prevent many Americans from voting, they want to prevent them from having a bank account. That means no account to put a pension check into, no bank to pay bills, no bank account to get a credit card, no way to have a credit rating
from Raw America
from Raw America
April 17, 2026 at 5:32 AM
Americans are already underbanked, preyed upon by payday loan sharks and check cashing clip joints.
People who live without credit cards can already be locked out of a lot of financial & govt programs bc one of the THREE companies that monitor credit can’t assign them a credit rating.
People who live without credit cards can already be locked out of a lot of financial & govt programs bc one of the THREE companies that monitor credit can’t assign them a credit rating.
In a new world, cryptocurrencies could play a crucial role in providing financial services to the unbanked and underbanked populations, fostering global financial inclusion.
July 15, 2024 at 12:55 PM
In a new world, cryptocurrencies could play a crucial role in providing financial services to the unbanked and underbanked populations, fostering global financial inclusion.