Unbanked and Under-banked Communities

According to the above FDIC survey, 20.1% of US households have insufficient deposits and represent 24 million households or 51 million adults. People who do not have a bank account and borrowed from a bank have low income individuals and families, no formal education (or less education than other groups), young people, households where women gather, There is a feature. People who do not have bank accounts and banks also have unbalanced expressions among non-Asian minorities such as 21.7% for blacks, 19.3% for Hispanics, 15.5% for indigenous peoples (Beal, Martha) I am doing.

The term "no bank account" refers to an individual who does not have a traditional bank account or is receiving financial services. Asian countries have the largest population among these populations: China (21% without bank account), India (47% without bank account), and Indonesia (64% without bank account). In contrast, approximately 5% of the US population does not have bank accounts. Accounts without banks are often confronted with difficulties related to lack of money, high physical banking fees and responses to banks' actual account requirements. Generally, these people do not trust the traditional banking system. In addition, many of these members are difficult to access because they live in developing areas where bank infrastructure is not very popular.

As more than 155 million people live in Bangladesh, over 80% of countries have yet to have a bank account (no bank account) and over 90% are considered to be bank accounts I will. Compared to the economic difficulties experienced by Bangladeshi people, the United States has a relatively difficult financial experience, but the vast majority of Bangladeshi people live on less than $ 5 a day. Furthermore, over 70% of the population live in rural areas, and there are not many banks in these areas. It is difficult to prove that the major banks have reasonable investment returns for branches opened in rural poor areas of Bangladesh and the people living there are not very much funded to deposit in the bank . This produced several traps 22 that banks could not open branches to provide banking services, thereby preventing most domestic countries from accessing basic banking services. There are no market opportunities of about $ 38 billion in any bank account

Banking without bank accounts: Particularly promising economic growth areas are approval of "no bank account". 2 billion people worldwide can not access bank accounts and financial institutions via digital devices. In September 2017, the Finnish government announced an alliance with MONI to establish a digital currency system for refugees. Block chain and government: The government actively invests in digitization. For example, a small country Estonia has launched the electronic housing program. With digital citizenship, residents can access government services and even advance into the EU without traveling or living there.