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FDIC: Numbers of Americans Who Don’t Have a Bank Account at Lowest Level Ever - ABI

The Federal Deposit Insurance Corp. said yesterday that the percentage of Americans who do not have a bank account fell to a record low last year, the Associated Press reported. In 2017 approximately 6.5 percent of U.S. households did not have a primary bank account. That is down from 7 percent in 2015 and from a high of 8.2 percent in 2011. That translates into roughly 14.1 million adults without a bank account. The reasons for not having a bank account remained steady from previous surveys, with "not having enough money" being the No. 1 reason for doing so. Not trusting banks was another popular reason for not being banked.

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