...On Fellowship program is the first national initiative of its kind focused on building a multi-city network of Bank On program coordinators, equipping them with the training, tools, and resources...
...of the mainstream financial system, and can be used to receive and manage the federal Child Tax Credit and other emergency payments. To learn more about Bank On, visit www.cfefund.org/bankon....
...to use the tool; and urges caution as the FDIC explores moving towards online survey responses, given some un/underbanked and low-income consumers’ reluctance to submit personal information via online platforms....
...include low costs, no overdraft fees, robust transaction capabilities such as a debit or prepaid card, and online bill pay. Notable changes in the 2019-2020 Standards include allowing paper statement...
...results, from a rigorous randomized control trial, provide strong evidence that low-income families can save for the short-term, and the tax time moment can be leveraged to help them do...
...designated account, and maintained the deposit for a year, received a 50% savings match up to $500. This video explains the SaveUSA program model, highlights best practices for replication, and...
...cash transfers have often been disbursed via prepaid cards, preventing recipients from connecting to the financial mainstream. This Skyline piece highlights programs in Allegheny County, PA and Milwaukee, WI that...
...as well as by liaising nationally with banking, regulatory, and nonprofit organization partners to expand banking access, including through the first-ever Bank On National Account Standards, updated for 2023 –...
...local government, working to create a fairer consumer financial marketplace. During this exploratory phase, the CFE Fund requests an initial Letter of Interest from interested mayoral or county administrations and...
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...