What is the meaning of "Unbanked"?

[Good-Person]

We live during times when almost all the people use banks. We all tend to use products offered by many different kinds of financial institutions. However, an "unbanked" person is a kind of person who does not use any kind of financial instrument at all. So, are you also one of them?

 

[Nomad]

I was 16 years old when I created by first bank account. It was a student bank account in the proximity of our school. My parents used to send money to my student bank account and I used to withdraw and pay fees as well as spend on my personal item. I am not an unbanked person.