8602401883?profile=originalMayra Navarro’s bank closed her account after a series of overdrafts. She wasn’t eligible to open another bank account because she had been blacklisted by ChexSystems, an agency that tracks consumers’ banking histories. Like many unbanked Hispanics, she turned to prepaid debit cards, check cashing services and money orders, which all came with fees.

“I felt like I had failed at life and lost all control,” says Navarro, an executive assistant in California.

She’s not alone. Recent data by the Federal Deposit Insurance Corporation reveals that approximately 16% of Hispanic households don’t have bank accounts. THE CHRISTIAN SCIENCE MONITOR

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