Bank on initiative

The Bank On initiative is a national effort to help unbanked and underbanked individuals access safe, affordable banking services. Through partnerships with financial institutions, it promotes the availability of low-cost checking accounts that do not require minimum balances or overdraft fees. The goal is to provide more people with secure ways to manage money, build credit, and avoid costly alternatives like check-cashing stores or payday loans. By increasing financial inclusion, the program aims to improve economic stability and reduce financial vulnerability among underserved populations.