Key Takeaway

Updated Standards include expanded allowable bill pay functionality, along with core features such as low-cost, low-fee, no-overdraft transaction capabilities.

This January 2017 press release announces a suite of new Bank On resources: Bank On National Account Standards, updated for 2017-2018; a free online Bank On account validation and certification process; and the opening chapters of the Bank On Coalition Playbook, a new resource to help equip local coalitions for banking access success.

Additional Takeaways

The Standards provide guidance to local Bank On coalitions as they negotiate partnerships with financial institutions.

The new account validation and certification process help local coalitions, financial institutions, and consumers clearly identify accounts that meet national Bank On Standards.

The Bank On Playbook offers tools and best practices gathered from and for Bank On coalitions to assist their local banking access efforts.

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