The CFE Fund leads a national movement that supports local Bank On coalition efforts to expand banking access for consumers outside the financial mainstream, including through municipal infrastructure.
The CFE Fund’s Bank On Coalition Playbook provides tools and resources that local coalitions can use to do their work more effectively
The CFE Fund invites financial institutions with products they believe meet Bank On National Account Standards (2019 – 2020) to apply for validation, and invites local Bank On coalitions to connect financial institutions with whom they are considering partnering in their communities to do so.
The updated Bank On National Account Standards, identify critical product features for appropriate bank or credit union accounts. Core account features include low costs, no overdraft fees, robust transaction capabilities such as a debit or prepaid card, and online bill pay.