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Among all of the regions in the country, the South has the better allotment of association who are “unbanked,” acceptation they don’t accept a blockage or a accumulation account. According to an FDIC address appear this week, 10% of the region’s citizenry doesn’t accept a coffer account, compared to the civic boilerplate of 8.2%.

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While 37% of U.S. households alive in the South, about bisected — or 46% — of all unbanked households in the country abide in this region. And so do about 40% of the nation’s poor, according to the U.S. Census Bureau.

Related: 10 actor U.S. households don’t accept coffer accounts

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And that’s no coincidence, said Odysseas Papadimitriou, CEO of CardHub.com and above arch of a aggregation at Capital One tasked with anecdotic articles for unbanked customers. “Wherever you see aerial abjection and low-income populations, you will see college populations of unbanked,” he said.

Mississippi, which has suffered the accomplished abjection amount in the country for years, additionally has the better citizenry of unbanked households — with 15% of its association defective a coffer account. Texas and Arkansas follow, with bankless ante of 12.8% and 12.3%, respectively.

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Compare that with New Hampshire, which has the everyman amount of unbanked, at 1.9%, as able-bodied as the everyman abjection amount in the nation.

“If you’re poor and don’t accept a abiding assets and aren’t able to accumulate a aerial antithesis in a coffer account, you ability feel you’re extenuative money by not advantageous a annual fee, back it ability be aloof one fee at the check-cashing store,” said Papadimitriou.

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But often, fees for another cyberbanking casework like check-cashers, payday loans, tax acquittance apprehension loans or money orders can be abundant college than annual coffer annual fees. And alike what may alpha out as baby fees can add up decidedly depending on how anxiously — and how generally — you use these products.

Some prepaid cards, which are alluring a growing cardinal of unbanked households, can be bargain alternatives to acceptable bank-issued debit cards. But others appear loaded with fees.

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Among the capital affidavit bodies cited for not accepting a coffer annual in the FDIC’s address were a abridgement of money or that they didn’t charge or appetite an account, didn’t assurance banks, anticipation the fees and minimum antithesis requirements were too aerial or were denied accounts because of identification issues or bad cyberbanking clue records.

Related: ‘I was denied a coffer account’

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About 28% of households earning beneath than $15,000 don’t accept coffer accounts, according to the study. While that’s a abundant beyond allotment than the 8.2% civic unbanked rate, it still agency that a ample allocation of the lowest-income earners are application coffer accounts, so assets isn’t the alone agency at comedy back it comes to actuality unbanked.

The abstraction additionally begin that 22% of foreign-born non-citizens, 21% of atramentous households and 20% of Hispanic households are unbanked. About 23% of households with unemployed associates and 19% of families headed by a distinct mother are additionally unbanked.

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Overall, the civic unbanked amount has risen from 7.7% in 2009 to 8.2% in 2011, acceptation one in 12 households are now after coffer accounts.

CNNMoney (New York) First appear September 14, 2012: 5:26 AM ET

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