By Blake Ellis
NEW YORK (CNNMoney) — Nearly 10 million households across the country are living without a bank account. And in some states, these residents make up a big slice of the population.
Among all of the regions in the country, the South has the largest percentage of residents who are “unbanked,” meaning they don’t have a checking or a savings account. According to an FDIC report released this week, 10% of the region’s population doesn’t have a bank account, compared to the national average of 8.2%.
While 37% of U.S. households live in the South, nearly half — or 46% — of all unbanked households in the country reside in this region. And so do nearly 40% of the nation’s poor, according to the U.S. Census Bureau.
And that’s no coincidence, said Odysseas Papadimitriou, CEO of CardHub.com and former head of a team at Capital One tasked with…
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