The percentage of unbanked households is very high among recent immigrants.
First, the banks catered for the small depositor and the family—those who were otherwise unbanked within the system.
In this country some 2 million people are still "unbanked".
One should consider the great "unbanked" of this country.
The weekly-paid tend to form the "unbanked" section of society, despite the large numbers of deposit accounts which this section of society owns.
As many as 5 million people are unbanked, and probably unwired as well.
We know that a large number of recipients of pensions and benefits are described as the "unbanked".
Essentially, the universal bank will be geared to the 3.5 million people who are unbanked.
Bringing those who are currently unbanked into the mainstream banking system will make a major contribution to reducing financial exclusion.
