Journal Article

How US Consumers without Bank Accounts Make Payments


Abstract: Using data from the 2021 Survey and Diary of Consumer Payment Choice, this article investigates two questions: What payment instruments do consumers without bank accounts adopt? How do these consumers make payments?

Keywords: Unbanked consumers; payment choice; payment card adoption; payments inclusion;

JEL Classification: D63; E42; J15;

https://doi.org/10.29338/ph2023-1

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Provider: Federal Reserve Bank of Atlanta

Part of Series: Policy Hub

Publication Date: 2023-01-11

Volume: 2023

Issue: 1

Order Number: 2023-01