WASHINGTON—The proportion of U.S. households without access to a bank account fell in recent years but could be driven up again by the coronavirus pandemic, according to a survey released Monday by the Federal Deposit Insurance Corp.
The so-called unbanked rate declined to 5.4% in 2019 from 6.5% in 2017, as some 1.5 million households saw at least one member open a checking or savings account, the FDIC said in the biennial report. That represents the lowest level since at least 2009, when the survey began.
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