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Estimating the cost of being unbanked

Author

Listed:
  • Tyler Desmond
  • Charles Sprenger

Abstract

Being unbanked involves not only direct costs such as check cashing fees or payday loan interest, but also barriers to building a nest egg.

Suggested Citation

  • Tyler Desmond & Charles Sprenger, 2007. "Estimating the cost of being unbanked," Communities and Banking, Federal Reserve Bank of Boston, issue Spr, pages 24-26.
  • Handle: RePEc:fip:fedbcb:y:2007:i:spr:p:24-26
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    File URL: http://www.bostonfed.org/commdev/c&b/2007/spring/article9.pdf
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    Cited by:

    1. Campbell, Dennis & Asís Martínez-Jerez, F. & Tufano, Peter, 2012. "Bouncing out of the banking system: An empirical analysis of involuntary bank account closures," Journal of Banking & Finance, Elsevier, vol. 36(4), pages 1224-1235.
    2. Scott Schuh & Joanna Stavins, 2008. "Summary of the workshop on Consumer Behavior and Payment Choice," Public Policy Discussion Paper 08-5, Federal Reserve Bank of Boston.

    More about this item

    Keywords

    Unbanked;

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