Attachment A2 - Redlined version of the survey instrument highlighting differences relative to the 2023 survey

2025 FDIC National Survey of Unbanked and Underbanked Households
Draft Instrument (December 17, 2024; Markup Reflects Changes From 2023)
This month we are asking some additional questions about household finances.
[B15 is asked only of households with more than one adult.] (PRESUP=1 AND HUNUMHOU15>1)
B15. How much do you participate in making financial decisions for your household?
 A lot
 Some
 Not at all
[TERMINATE]
 DK/REFUSE
[TERMINATE]
Now I’m going to ask some questions about accounts that you (IF OTHERS AGE≥15 FILL: or
anyone in your household) might have at banks, including credit unions.

Deleted: [B10 is asked only of households with more than
one adult.] (PRESUP=1 AND HUNUMHOU15>1)¶
B10. Which of the following best describes how adults in
your household handle finances?¶
Share all finances [CONTINUE]¶
Share some finances [CONTINUE]¶
Share no finances at all [GO TO B20]¶
I AM THE ONLY ADULT IN THE HOUSEHOLD
(VOLUNTEERED) [GO TO B20]¶
DK/REFUSE [CONTINUE]¶
¶
Deleted: adults that share all or some finances.] (B10=1,2)

[B20 is asked of all households.]
B20. Do you (IF OTHERS AGE≥15 FILL: or anyone else in your household) have a checking or savings
account now?
 YES
 NO
[GO TO UB10]
 DK/REFUSE
[TERMINATE]
[B20A is asked only of banked households with more than one adult.] (B20=1 AND HUNUMHOU15>1)
B20A. Who in your household has an account? (Enter Line Number)
 1-16
 DK/REFUSE
[B40 is asked only of banked households.] (B20=1)
B40. In the past 12 months, that is since June 2024, was there any time when (IF NOT(OTHERS
AGE≥15) FILL: you did not have) (IF OTHERS AGE≥15 FILL: no one in your household had) an
account?
 YES
 NO
 DK/REFUSE
[UB10 is asked only of unbanked households.] (B20=2)
UB10. Have you (IF OTHERS AGE≥15 FILL: or anyone else in your household) ever had a bank
account?
 YES
 NO
[GO TO UB50]
 DK/REFUSE
[GO TO UB50]
[UB15 is asked only of unbanked households that had a bank account at some point in the past.]
(UB10=1)
UB15. In the past 12 months, that is since June 2024, have you (IF OTHERS AGE≥15 FILL: or anyone in
your household) had a bank account?
 YES
 NO
 DK/REFUSE

Deleted: 2
Deleted: [BA10 is asked only of banked households.]
(B20=1)¶
BA10. In the past 12 months, did you (IF OTHERS AGE≥15
FILL: or anyone in your household) access an account in any
of the following ways?¶
¶
A. Visiting a bank teller?¶
YES ¶
NO ¶
DK/REFUSE ¶
¶
B. Using an ATM or bank kiosk?¶
YES ¶
NO ¶
DK/REFUSE ¶
¶
¶
¶
C. Calling the bank?¶
YES ¶
NO ¶
DK/REFUSE ¶
¶
D. Using an app, text messaging, or Internet browser on a
mobile phone?¶
YES ¶
NO ¶
DK/REFUSE ¶
¶
E. Using a computer or tablet?¶
YES ¶
NO ¶
DK/REFUSE ¶
¶
F. Did you (IF OTHERS AGE≥15 FILL: or anyone in your
household) access an account in any other way?¶
YES (Specify) ¶
NO ¶
DK/REFUSE ¶
¶
[BA15 is asked only of households that selected more than
one access method in BA10A–F.]¶
BA15. What was the most common way that you (IF
OTHERS AGE≥15 FILL: or anyone in your household) ... [1]
Deleted: 2

1

2025 FDIC National Survey of Unbanked and Underbanked Households
Draft Instrument (December 17, 2024; Markup Reflects Changes From 2023)
[UB50 is asked only of unbanked households.] (B20=2)
UB50. How interested are you (IF OTHERS AGE≥15 FILL: or anyone in your household) in having a
bank account?
 Very interested
 Somewhat interested
 Not very interested
 Not at all interested
 DK/REFUSE
BATT10 is asked of all households.]
BATT10. Now I’m going to ask your opinion about banks, including credit unions.
A. Would you say that: Money deposited in a bank is…
 Always safe
 Usually safe
 Rarely safe
 Never safe
 DK/REFUSE
B. Would you say that: Banks treat people of all backgrounds…
 Always fairly
 Usually fairly
 Rarely fairly
 Never fairly
 DK/REFUSE
C. Would you say that: Banks communicate account fees…
 Always clearly
 Usually clearly
 Rarely clearly
 Never clearly
 DK/REFUSE
D. Would you say that: For handling everyday finances, bank accounts…
 Always work well
 Usually work well
 Rarely work well
 Never work well
 DK/REFUSE
[UB100 is asked only of unbanked households.] (B20=2)
UB100. Currently, do any of the following keep you (IF OTHERS AGE≥15 FILL: or others in your
household) from opening a bank account?
A. Problems with your past banking or credit history?
 YES
 NO
 DK/REFUSE

2

2025 FDIC National Survey of Unbanked and Underbanked Households
Draft Instrument (December 17, 2024; Markup Reflects Changes From 2023)
B. Don’t have the identification needed to open an account?
 YES
 NO
 DK/REFUSE
C. Don’t have enough money to maintain an account?
 YES
 NO
 DK/REFUSE
D. Inconvenient bank branch hours or locations?
 YES
 NO
 DK/REFUSE
E. Prefer to keep finances private for tax, legal, or other reasons?
 YES
 NO
 DK/REFUSE
F. Don’t trust banks?
 YES
 NO
 DK/REFUSE
[BVISIT10 is asked of all households.]
BVISIT10. In the past 12 months, have you (IF OTHERS AGE≥15 FILL: or anyone else in your
household) spoken with a teller or other employee in person at a bank branch?
 YES
 NO
 DK/REFUSE
The next few questions are about other financial products or services that you might use(IF B20=1
THEN FILL:, in addition to your bank accounts).
[OTUSE10 is asked of all households.]
OTUSE10. Do you (IF OTHERS AGE≥15 FILL: or anyone else in your household) use any other kinds
of transaction accounts or cards that let you send, receive, and store money? Such as… (Mark all.)
 Payment apps like PayPal, Venmo, or Cash App, not including Zelle
 Virtual banking apps from companies like Chime, Dave, Money Lion, or Current
 Reloadable prepaid cards, not including gift cards.
 OTHER (VOLUNTEERED - SPECIFY)
 DK/REFUSE
(IF NEEDED: Virtual banking apps are offered by fintech companies that partner with banks. They
provide online-only accounts you can use for direct deposit, storing money, or making payments.)
(IF NEEDED: Reloadable prepaid cards are available for purchase in stores or may be provided by an
employer or government agency. They allow you or others to load or reload funds that can later be
spent, and allow you to withdraw cash from ATMs. Don’t include gift cards.)
3

Deleted: [UB55 is asked only of unbanked households.]
(B20=2)¶
UB55. There are different reasons people might not have a
checking or savings account. Do any of the following
reasons apply to you (IF OTHERS AGE≥15 FILL: or others
in your household)? Do you not have an account…¶
¶
A2. Because bank locations are inconvenient?¶
YES ¶
NO ¶
DK/REFUSE ¶
¶
B1. Because bank account fees are too high?¶
YES ¶
NO ¶
DK/REFUSE ¶
¶
B2. Because bank account fees are too unpredictable?¶
YES ¶
NO ¶
DK/REFUSE ¶
¶
C. Because banks do not offer products and services you
need?¶
YES ¶
NO ¶
DK/REFUSE ¶
¶
D. Because you don’t trust banks?¶
YES ¶
NO ¶
DK/REFUSE ¶
¶
E. Because you don’t have enough money to meet minimum
balance requirements?¶
YES ¶
NO ¶
DK/REFUSE ¶
¶
F. Because avoiding a bank gives more privacy?¶
YES ¶
NO ¶
DK/REFUSE ¶
¶
¶
¶
G1. Because you don’t have the personal identification
required to open an account?¶
YES ¶
NO ¶
DK/REFUSE ¶
¶
G2. Because you cannot open an account due to problems
with past banking or credit history?¶
YES ¶
NO ¶
DK/REFUSE¶
¶
H. Because of some other reason?¶
... [2]
Deleted: have
Deleted: d in the past 12 months

2025 FDIC National Survey of Unbanked and Underbanked Households
Draft Instrument (December 17, 2024; Markup Reflects Changes From 2023)
[NBMO10 is asked of all households.]
NBMO10. In the past 12 months, did you (IF OTHERS AGE≥15 FILL: or anyone in your household) go
to some place other than a bank to purchase a money order?
 YES
 NO
 DK/REFUSE

Deleted: [GO TO NBMT10]
Deleted: [GO TO NBMT10]

[NBMT10 is asked of all households.]
NBMT10. In the past 12 months, did you (IF OTHERS AGE≥15 FILL: or anyone in your household) use
money transfer services from a company like Western Union, MoneyGram, Walmart Money Center, or
Ria Money Transfer? Do not include services from a bank (IF PSUSE10=1 FILL: or online services such
as PayPal, Venmo, or Cash App).
 YES
 NO
[GO TO NBCC10]
 DK/REFUSE
[GO TO NBCC10]
[NBMT20 is asked only of households that had used a nonbank money transfer service in the past 12
months.] (NBMT10=1)
NBMT20. What were those money transfer services used for? To… (Mark all that apply.)
 Pay bills like rent, mortgage, or utilities
 Send or receive money from family or friends in the U.S.
 Send or receive money from family or friends outside the U.S.
 Some other use (Specify)
 DK/REFUSE

Deleted: [NBMO20 is asked only of households that
purchased a nonbank money order in the past 12 months.]
(NBMO10=1)¶
NBMO20. What were those money orders used for? To…
(Mark all that apply.)¶
Pay bills like rent, mortgage, utilities, or child care ¶
Send money to family or friends ¶
Make purchases ¶
Some other use (Specify) ¶
DK/REFUSE ¶
¶

Deleted: , or child care

[NBCC10 is asked of all households.]
NBCC10. In the past 12 months, did you (IF OTHERS AGE≥15 FILL: or anyone in your household) go
to some place other than a bank to cash a check?
 YES
 NO
 DK/REFUSE

Deleted: [GO TO CNBPDL]
Deleted: [GO TO CNBPDL]

The next question is about the different ways people receive income, for example from work,
retirement, or government benefits.
[INC10 is asked of all households]
INC10. Now thinking about just the past month, did you (IF OTHERS AGE≥15 FILL: or others in your
household) receive income in any of the following ways? By… (Mark all that apply.)
 [read if B20=1] Direct deposit or electronic transfer into a bank account?
 [read if OTUSE10_1=1 or OTUSE10_2=1 or OTUSE10_3=1 or OTUSE10_4=1] Direct deposit
or electronic transfer into an account or card other than a bank account?
 Paper check or money order?
 In cash?
 OTHER (VOLUNTEERED)
 DIDN’T RECEIVE ANY INCOME (VOLUNTEERED)
[GO TO BP10]
 DK/REFUSE
[GO TO BP10]

4

Deleted: [NBCC20 is asked only of households that used a
nonbank check casher in the past 12 months.] (NBCC10=1)¶
NBCC20. Were any of those checks from work, retirement,
or a government agency?¶
YES ¶
NO ¶
DK/REFUSE ¶
¶

2025 FDIC National Survey of Unbanked and Underbanked Households
Draft Instrument (December 17, 2024; Markup Reflects Changes From 2023)
[INC15 is asked only of households that selected more than one method of income receipt in INC10.]
INC15. How did you (IF OTHERS AGE≥15 FILL: and others in your household) receive most of your
income last month?
(Read only answers marked in INC10. Mark only one.)
 Direct deposit or electronic transfer into a bank account?
 Direct deposit or electronic transfer into an account or card other than a bank account?
 Paper check or money order?
 In cash?
 OTHER (VOLUNTEERED)
 DK/REFUSE
[INC20 is asked only of households that received income by paper check or money order, and that used a
nonbank check casher (INC10=”Paper check or money order” and NBCC10=1)]
INC20. Thinking of the income you (IF OTHERS AGE≥15 FILL: or others in your household) received
by check or money order last month, did you use a place other than a bank to cash those checks or money
orders?
 YES
 NO
 DK/REFUSE
The next question is about the different ways people pay their bills for things like mortgage, rent, or
utilities.
[BP10 is asked of all households]
BP10. Thinking about just the past month, did you (IF OTHERS AGE≥15 FILL: or others in your
household) pay bills in any of the following ways? Using…
 [read if B20=1] A bank account, including online bill pay, personal check, or bank debit card?
 A credit card?
 [read if OTUSE10_1=1 or OTUSE10_2=1 or OTUSE10_3=1 or OTUSE10_4=1] Another
account or card, other than a bank account?
 [read if NBMO10=1] A money order from a place other than a bank?
 [read if NBMT20=1] Money transfer services from a company like Western Union, MoneyGram,
or Walmart Money Center?
 In person using cash
 OTHER (VOLUNTEERED – SPECIFY)
 DIDN’T PAY BILLS (VOLUNTEERED)
[GO TO MKEEP10]
 DK/REFUSE
[GO TO MKEEP10]
[BP15 is asked only of households that selected more than one method of bill payment in BP10.]
BP15. How did you (IF OTHERS AGE≥15 FILL: and others in your household) pay most of your bills
last month?
(Read only answers marked in BP10. Mark only one.)
 A bank account, including online bill pay, personal check, or bank debit card?
 A credit card?
 Another account or card, other than a bank account?
 A money order from a place other than a bank?
 Money transfer services from a company like Western Union, MoneyGram, or Walmart Money
Center?
 In-person using cash
 OTHER (VOLUNTEERED – SPECIFY)
5

2025 FDIC National Survey of Unbanked and Underbanked Households
Draft Instrument (December 17, 2024; Markup Reflects Changes From 2023)
The next question is about the different ways you (IF OTHERS AGE≥15 FILL: and others in your
household) keep money for upcoming expenses or short-term savings. Don’t include investments or
saving for retirement.
MKEEP10. In the past month, was your money kept in any of the following ways? (Mark all.)
 [read if B20=1] In a bank account?
 In a brokerage account?
 [read if OTUSE10_1=1 or OTUSE10_2=1 or OTUSE10_3=1 or OTUSE10_4=1] In an account
or card other than a bank account?
 In the home or with family or friends?
 OTHER (VOLUNTEERED – SPECIFY)
[GO TO CNBPDL]
 DIDN’T KEEP ANY MONEY (VOLUNTEERED)
[GO TO CNBPDL]
[MKEEP15 is asked only of households that selected more than one method in MKEEP10.]
MKEEP15. Where was most of that money kept? (Read only answers marked in MKEEP10. Mark only
one.)
 In a bank account?
 In a brokerage account?
 In an account or card other than a bank account?
 In the home or with family or friends?
 OTHER (VOLUNTEERED – SPECIFY)
 DIDN’T KEEP ANY MONEY (VOLUNTEERED)
The next questions are about how people borrow money or purchase items on credit.
[CNBPDL is asked of all households.]
CNBPDL. In the past 12 months, did you (IF OTHERS AGE≥15 FILL: or anyone in your household)
take out a payday loan or payday advance from a provider other than a bank?
 YES
 NO
 DK/REFUSE
[CNBPWN is asked of all households.]
CNBPWN. In the past 12 months, did you (IF OTHERS AGE≥15 FILL: or anyone in your household)
pawn an item at a pawn shop? Do not include selling an unwanted item to a pawn shop.
 YES
 NO
 DK/REFUSE
[CNBTAX is asked of all households.]
CNBTAX. In the past 12 months, did you (IF OTHERS AGE≥15 FILL: or anyone in your household)
pay a fee to get your tax refund faster than the IRS would provide it? This includes products like refund
anticipation loans and refund advances.
 YES
 NO
 DK/REFUSE

6

2025 FDIC National Survey of Unbanked and Underbanked Households
Draft Instrument (December 17, 2024; Markup Reflects Changes From 2023)
[CNBATL is asked of all households.]
CNBATL. Auto title loans use a car title to borrow money for a short period of time. They are NOT loans
used to purchase a car. In the past 12 months, did you (IF OTHERS AGE≥15 FILL: or anyone in your
household) take out an auto title loan?
 YES
 NO
 DK/REFUSE
[CNBRTO is asked of all households.]
CNBRTO. Some stores allow people to rent to own items such as furniture or appliances. We do not
mean stores that offer installment plans or layaway plans. In the past 12 months, did you (IF OTHERS
AGE≥15 FILL: or anyone in your household) rent anything from a rent-to-own store because it couldn’t
be financed any other way?
 YES
 NO
 DK/REFUSE
[CCC10 through CNBPL10 are asked of all households.]
In the past 12 months, have you (IF OTHERS AGE≥15 FILL: or anyone else in your household)
had any of the following?
CCC10. A credit card from Visa, Mastercard, American Express, or Discover? Please do not include debit
cards.
 YES
 NO
 DK/REFUSE
CSC10. A store credit card that can only be used at that store? Do not include gift cards.
 YES
 NO
 DK/REFUSE
CAL10. In the past 12 months, have you (IF OTHERS AGE≥15 FILL: or anyone else in your household)
had an auto loan? (IF CNBATL=1 FILL: This is different from an auto title loan.)
 YES
 NO
 DK/REFUSE
CHMLN10. A mortgage or home equity loan or home equity line of credit?
 YES
 NO
 DK/REFUSE
CSL10. In the past 12 months, have you (IF OTHERS AGE≥15 FILL: or anyone else in your household)
had a student loan?
 YES
 NO
 DK/REFUSE

Deleted: [BNPL10 is asked of all households.]¶
BNPL10. In the past 12 months, did you (IF OTHERS
AGE≥15 FILL: or anyone in your household) pay for
something making one payment every two weeks? This is
sometimes called Buy Now, Pay Later or Pay-in-4.¶
YES ¶
NO [GO TO CCC10]¶
DK/REFUSE [GO TO CCC10]¶
¶
¶
¶
[BNPL20 is asked of households that used Buy Now, Pay
Later.] (BNPL10 = 1)¶
BNPL20. In the past 12 months, how many times did you (IF
OTHERS AGE≥15 FILL: or anyone in your household) pay
for something by making one payment every two weeks?¶
1 ¶
2 to 10 ¶
More than 10 ¶
DK/REFUSE ¶
¶
[BNPL30 is asked of households that used Buy Now, Pay
Later.] (BNPL10 = 1)¶
BNPL30. Did you (IF OTHERS AGE≥15 FILL: or anyone
in your household) make any of these purchases… (Mark all
that apply.)¶
Online ¶
In person ¶
OTHER (Specify) (VOLUNTEERED) ¶
DK/REFUSE ¶
¶
[BNPL40 is asked of households that used Buy Now, Pay
Later.] (BNPL10 = 1)¶
BNPL40. In the past 12 months, did you (IF OTHERS
AGE≥15 FILL: or anyone in your household) miss or make a
late payment on any of these purchases?¶
YES ¶
NO ¶
DK/REFUSE ¶
¶
Deleted: C

7

2025 FDIC National Survey of Unbanked and Underbanked Households
Draft Instrument (December 17, 2024; Markup Reflects Changes From 2023)
CPL10. Other personal loans or lines of credit from a bank?
 YES
 NO
 DK/REFUSE
CNBPL10. Other personal loans or lines of credit from a company other than a bank? (IF CNBPDL=1
OR CNBPWN=1 OR CNBATL=1 FILL: Do not include payday, pawn, or auto title loans).
 YES (Specify who provided the loan)
 NO
 DK/REFUSE
Now I have a few final questions.
[H15 is asked of all households.]
H15. Often times, households find that they are not able to keep up with their bills. Over the past 12
months, was there a time when you (IF OTHERS AGE≥15 FILL: or someone else in your household) fell
behind on bill payments?
 YES
 NO
 DK/REFUSE
[H30 is asked of all households.]
H30. Do you (IF OTHERS AGE≥15 FILL: or anyone else in your household) currently own or have
regular access to a smartphone with features to access the Internet, send emails, and download apps?
 YES
 NO
 DK/REFUSE

8

Deleted: [CRYP10 is asked of all households.]¶
CRYP10. In the past 12 months, did you (IF OTHERS
AGE≥15 FILL: or anyone in your household) own or use
any crypto such as Bitcoin or Ether?¶
YES ¶
NO [GO TO H10]¶
DK/REFUSE [GO TO H10]¶
¶
[CRYP20 is asked of households that owned or used crypto.]
(CRYP10 = 1)¶
CRYP20. How did you (IF OTHERS AGE≥15 FILL: or
others in your household) use crypto? Was it to… (Mark all
that apply.)¶
Hold as an investment ¶
Send or receive money from friends or family ¶
Buy items online ¶
Buy items in person ¶
Some other use (Specify) ¶
DK/REFUSE ¶
¶
[H10 is asked of all households.]¶
H10. Which best describes your (IF OTHERS AGE≥15
FILL: household’s) income over the past 12 months?¶
Income is about the same each month ¶
Income varies somewhat from month to month ¶
Income varies a lot from month to month ¶
DK/REFUSE ¶
¶