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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
This could help unbanked customers build credit histories, opening the way to loans and other financial products.
For most of the unbanked, check-cashing services, supermarkets, and other outlets fill in the blanks.
The FDIC program demonstrates that unbanked Latin American immigrants can be brought into the financial mainstream.
We want to see banks starting to lend to the unbanked population.
Payday lenders provide a means for the unbanked to join the financial mainstream.
To her surprise, Dunham found that two out of three unbanked individuals paid nothing to get cash.

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