Bank On
Banking Access
We’re working with Bank On to ensure that everyone in our community has access to safe and affordable financial products and services.
Join NowBank On
Banking Access
We’re working with Bank On to ensure that everyone in our community has access to safe and affordable financial products and services.
Join Now
Closing the Gap
Most consumers in the U.S. have a bank account and enjoy the safety, security, and benefits that come with it. But there are still some who remain outside the banking system. For those individuals, access to a simple transaction account can be a first step toward long-term financial security.
The Bank On National Account Standards identify critical product features that accounts at banks or credit unions must include to be certified, making it easier for local coalitions nationwide to connect consumers to accounts that meet their needs.
Carefree Checking: A Path to Financial Freedom
South Bay Credit Union’s Carefree Checking account has earned official certification from the Cities for Financial Empowerment Fund for meeting the Bank On National Account Standards. These standards, developed collaboratively by consumer advocates, prominent national nonprofit organizations, civic leaders, and other financial institutions, outline essential and recommended account features to guarantee affordability, usefulness, and customer security.
Nationwide Reach
Accounts that are certified by Bank On National Account Standards are accessible at more than 46,000 financial institution branches in all 50 states and Washington, DC.
Accounts that are certified by Bank On National Account Standards are accessible at more than 46,000 financial institution branches in all 50 states and Washington, DC.
More than 400 Bank On certified accounts are offered by financial institutions throughout the country.
More than 400 Bank On certified accounts are offered by financial institutions throughout the country.
Financial institutions with Bank On certified accounts now represent more than 56% of the national deposit market share.
Financial institutions with Bank On certified accounts now represent more than 56% of the national deposit market share.
Millions of consumers have embraced Bank On certified accounts, and approximately 80% of these accounts were opened by individuals new to these financial institutions.
Millions of consumers have embraced Bank On certified accounts, and approximately 80% of these accounts were opened by individuals new to these financial institutions.
The Bank On Movement
The Cities for Financial Empowerment Fund leads the national Bank On movement, supporting 100 local coalitions working to connect individuals and families to the financial mainstream through partnerships between governments, financial institutions, and community organizations. Bank On programs raise public awareness, target outreach to the unbanked, and expand access to financial education.
