The Unbanked and Underbanked in Arkansas

According to the Federal Deposit Insurance Corporation, 7.0 percent of U.S. households, about 9 million, are unbanked. An additional 19.9 percent of U.S. households (24.5 million) are underbanked, meaning that the household had a checking or savings account but also obtained financial products and services outside of the banking system.

In Arkansas, the percentage of un- and underbanked households falls above the national averages, with 9.7 percent of households in Arkansas unbanked and 22.6 are underbanked.
 

Unbanked Households

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Highest Percentage of Unbanked Households - Phillips County - 17.9%   Maps courtesy of  Prosperity Now

Highest Percentage of Unbanked Households - Phillips County - 17.9%

Maps courtesy of Prosperity Now

 

Underbanked Households

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Highest Percentage of Underbanked Households - Lee County - 29.8%    Maps courtesy of  Prosperity Now

Highest Percentage of Underbanked Households - Lee County - 29.8% 

Maps courtesy of Prosperity Now