Nearly everyone in America has a checking account — over 92% of households, to be exact, according to the Federal Reserve's 2022 Survey of Consumer Finances. But the small share who don't? About 8% of adults said they simply don't want to deal with banks. Others said they don't write enough checks to justify an account or cited issues like high fees, credit problems, or not having enough money to maintain a balance.
Still, for the vast majority, a checking account is the nerve center of daily life — where paychecks land, bills get paid, and debit cards get swiped. The bigger question is how much money people actually keep in there.
