Banking desert

Okay kiddo, imagine you want to buy a toy but you need some money to do that. Where do you get your money from? Most people, including your parents, go to a bank or an ATM machine to get their money.

But what if you live in a place where there are no banks or ATMs around? That means you have to travel really far every time you need money! That's what we call a banking desert.

And it's not just about getting money. Banks are also important for other things like helping people save their money, getting loans for a home, or starting a business. Without a bank nearby, people may find it really hard to do those things.

So, banking deserts are like places where people have a hard time getting access to banking services. This can affect their ability to manage their money, save up for the future, or even start new businesses.