Asked by darwin
According to the FDIC study, what are 2 more reasons people are unbanked?
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Answered by
GPT-5 mini
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Two additional reasons the FDIC found people are unbanked:
1. They don’t have enough money to keep an account (minimum-balance requirements or fear of overdraft/fees).
2. They don’t trust banks or had a bad prior experience and prefer cash or alternative services.
(These are among the top reasons reported in the FDIC’s National Survey of Unbanked and Underbanked Households.)
1. They don’t have enough money to keep an account (minimum-balance requirements or fear of overdraft/fees).
2. They don’t trust banks or had a bad prior experience and prefer cash or alternative services.
(These are among the top reasons reported in the FDIC’s National Survey of Unbanked and Underbanked Households.)
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