CURRENCIES THE LEDGER How Americans bank-or don't The FDIC's biannual survey examined how the pandemic changed the way households bank and what percentage of Americans are currently unbanked or underbanked. IN 2021... 5.9 MILLION U.S. households were unbanked (out of 132.5 million). 18.7 MILLION U.S. households were underbanked. WHY DO SOME HOUSEHOLDS NOT HAVE BANK ACCOUNTS? WHY DO SOME HOUSEHOLDS NOT HAVE BANK ACCOUNTS? 21.7% THE PANDEMIC CHANGED THE WAY U.S. HOUSEHOLDS BANK. 13.2% 8.4% 34.9% of recently banked households said that government assistance during the pandemic allowed them to open a bank account. 43.5% Lack the money to open an account Don't trust banks Have privacy concerns of households used mobile banking as their primary banking method, up from 15.1% in 2017 and 34% in 2019. = 64,500 households 12 // independentbanker.org Source: 2021 FDIC National Survey of Unbanked and Underbanked Householdshttp://www.independentbanker.org