unbanked adjective3 •Not having been banked. •Not served by a bank.It targeted the unbanked poor – "the watchmen, tomato sellers and small-scale farmers" whom Mwangi lists as typical customers – with cheap savings accounts and microloans backed by unusual guarantees. — 2009 •(rare) Of a train, not having the assistance of a banker (etymology 3) when climbing a steep grade (or bank).