Bank On

Bank On programs thrive upon collaborative partnerships among local government, financial institutions and nonprofits. First launched in San Francisco in 2006, Bank On programs work with local and state governments, community nonprofits and financial institutions to design and offer free or low-cost bank accounts, coupled with financial education. More than 70 cities now offer Bank On programs, and seven states and the District of Columbia have set up Bank On programs. The appeal of Bank On is straightforward—it addresses the widely recognized challenge of financial access by ensuring there are products available that meet consumers’ needs and enabling consumers to use those products safely and responsibly.

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