According to a survey released by the FIDC, 25.6 percent of all American households (or about 30 million) did not use traditional banking last year.
FDIC Committee to Meet About Unbanked Households and Overdraft Programs
A while ago we wrote an article about state programs that reached out to the unbanked populations in their state.
New Programs Give Unbanked Population A Second Chance
A study conducted by the Pew Charitable Trust found that consumers who cash checks outside of banks each spend an estimated $1,042 a year on fees.
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