The number of unbanked households in Oregon dropped from 3.8 percent in 2019 to just 1.8 percent in 2021, according to a study by the Federal Deposit Insurance Corporation. This is significant for many Oregonians because it means they can avoid paying for expensive alternative financial services such as money orders, check cashing and pre-paid cards.

Those costs can add up to thousands of dollars over a consumer’s lifetime. 

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