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The majority of underbanked households that go to nonbanks for transactional services such as money orders and check cashing services do so primarily for convenience, speed and cost.

Tuesday, January 18, 2011 by rapid! Staff

According to the 2009 FDIC National Survey of Unbanked and Underbanked Households, the majority of underbanked households that go to nonbanks for transactional services such as money orders and check cashing services do so primarily for convenience, speed and cost.

For more information: http://www.economicinclusion.gov/

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