This paper uses Open Banking data from ~250,000 individuals to pose two questions about the IMD.Firstly, how do current conceptions of deprivation relate to direct measures of financial hardship, asmeasured by application rates for short term loans; and secondly, is the IMD’s spatial resolutionadequate to capture precarity's granular geography. We identify regional IMD variations in capturingfinancial precarity and very uneven distributions of financial precarity within Lower-layer Super OutputAreas. These findings have important implications for the conception and measurement of the natureand extent of pockets of deprivation, and the provision of resources to address it.