Since its successful inception in 2006 in the city of San Francisco, the Bank On model has gained support from state and local officials across the U.S. as a way of bringing unbanked and underbanked consumers into the financial mainstream. In addition to connecting unbanked individuals to low-cost accounts, Bank On initiatives involve efforts to raise public awareness, provide targeted outreach, and expand access to financial education.
The appeal of Bank On is straightforward: it addresses the widely-recognized challenge of financial access through interventions that are low-cost and responsive to the needs of both consumers and providers of basic financial services. There are currently dozens of communities that have implemented Bank On initiatives, and many more are planned
Check out the scan of Bank On opportunities (from 2011). (Thanks, Nate)
The appeal of Bank On is straightforward: it addresses the widely-recognized challenge of financial access through interventions that are low-cost and responsive to the needs of both consumers and providers of basic financial services. There are currently dozens of communities that have implemented Bank On initiatives, and many more are planned
Check out the scan of Bank On opportunities (from 2011). (Thanks, Nate)
