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Millions In U.S. Do Their Banking Without Banking Institutions

Millions In U.S. Do Their Banking Without Banking Institutions

Millions In U.S. Do Their Banking Without Banking Institutions

A Dollarwise payday loan shop in Kent, Wash. Millions in America depend on places like these for monetary solutions, rather than conventional banks that are insured. The FDIC hopes to alter that. Ted S. Warren/AP Photos hide caption

A Dollarwise payday loan shop in Kent, Wash. Millions in America count on places like these for economic solutions, as opposed to traditional banks that are insured. The FDIC hopes to improve that.

Ted S. Warren/AP Images

About 60 million grownups do their banking at places apart from banks, based on a brand new study by the Federal Deposit Insurance Corp.