Reasons for prepaid card use by unbanked U.S. households 2013

This statistic presents the main reasons for using prepaid cards by unbanked households in the United States in 2013. It was found that 47.6 percent of the U.S. unbanked households (having no account at an insured banking institution) used prepaid cards to pay for everyday purchases or to pay for bills.

Reasons for prepaid card use by unbanked households in the United States in 2013

Share of households
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Source

Release date

October 2014

Region

United States

Survey time period

2013

Supplementary notes

Total number of survey respondents: 40,998.
Among households which used prepaid card in the previous 12 months.
Unbanked households are those without an account at an insured institution. Underbanked households have an account at an insured institution, but have also obtained financial services and products from non-bank, alternative financial services (AFS) providers in the last 12 months.

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