Monday, November 3, 2014

FDIC: Fewer “unbanked” households in San Antonio

While fewer families in San Antonio are living without checking or savings accounts than two years ago, a new report from the Federal Deposit Insurance Corp. revealed a larger share of area households still use alternative financial services, such as payday lenders, check-cashing centers and pawnshops.

The FDIC, in a report released last week, found that the rate of “unbanked” households in San Antonio fell sharply from 15.5 percent in 2011 to 8.1 percent last year.

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