Why the Unbanked Dread Receiving Checks

The evolution of technology has drastically changed the payments landscape, especially when it comes to disbursements of money. For most, receiving money digitally or by check doesn’t present a problem. While much of the population enjoys the convenience, simplicity, and security of modern banking, there remains a surprising amount of U.S. residents that are unbanked — and relying only on cash.

In this guide, we will dive deep into unbanked consumers by the numbers, exploring the disadvantages and challenges they face, as well as how government can leverage technology to create equitable solutions for all.