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What does unbanked mean?

Looking for the meaning or definition of the word unbanked? Here's what it means.

Adjective
  1. Not having been banked.
  2. Not served by a bank.
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Examples
The benefits of bringing more of the world's 2.5 billion unbanked into the formal financial system would be enormous.
There are almost 10 million unbanked U.S. households, according to Department of Treasury figures.
The FDIC program demonstrates that unbanked Latin American immigrants can be brought into the financial mainstream.
These branches will afford the unbanked population with affordable minimum bank balance accounts that currently are unobtainable from most commercial banks.
To her surprise, Dunham found that two out of three unbanked individuals paid nothing to get cash.
We want to see banks starting to lend to the unbanked population.

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