Getting the Child Tax Credit?
Direct deposit into your own account is faster and safer – open a Bank On certified bank or credit union account online now and share your information with the IRS. https://covidbanking.joinbankon.org
CHES, Inc. (Credit & Homeownership Empowerment Services, Inc.) is a HUD Approved, 501(c)(3) nonprofit, housing, financial and credit organization.
Money Smart Kansas City
Money Smart KC helps to promote financial capability and economic mobility for all consumers
Prosperity Now Scorecard
Access Prosperity Now’s data tool to download estimates of unbanked and underbanked households at city, county, metro, and state levels.
Bank On National Account Standards
The CFE Fund’s Bank On National Account Standards provide local programs with a benchmark for account partnerships with financial institutions, and include both core and recommended features.
The Present and Future of Bank On Account Data
A report by the CFE Fund and the Federal Reserve Bank of St. Louis
FDIC Unbanked Survey
National Survey of Unbanked and Underbanked Household
Account Screening Consumer Reporting Agencies Report
A joint report between the National Consumer Law Center and the CFE Fund
An Evaluation of Financial Empowerment Centers: Banking Status
Summary of findings about outcomes achieved through Financial Empowerment Centers.
Regional Housing Partnership RFP Open
The Regional Housing Partnership is seeking project proposals from local governments and/or community organizations to host and support regional satellite homeownership centers. Banking access, budgeting and financial literacy are all components to the satellite’s success. Submissions are due on May 13. Full RFP text can be found here.
First Federal’s GO Account
First Federal’s new GO account has been certified as a Bank On product. Learn more here.
Tax Time Resources
Tax season is a critical financial empowerment moment for millions of families and individuals across the country. Each year, tax season is a moment where filers are thinking about their finances and Bank On KC is here to help promote financial well-being. You can open your own affordable, safe, and certified account now, then provide
Unbanked in Kansas City
KSHB’s latest “Two Americas” story focuses on the unbanked, featuring CHES’s Bank On KC initiative helping connect individuals to safe and affordable accounts. Full report from here.
Just Released: Bank On National Data Hub 2020 Data
The CFE Fund and the Federal Reserve Bank of St. Louis partnered to create the Bank On National Data (BOND) Hub, which aggregates national Bank On account activity across three categories of metrics: Account Opening, Account Usage and Consistency, and Online Access. The latest BOND Hub report, The Bank On National Data Hub: Findings from 2020, includes
“Scared of banks? This program helps Kansas Citians open low-cost accounts”
This Kansas City Beacon article covers the creation of Bank On KC.
Wall Street Journal: Bank Accounts Designed for Low-Income Customers Find Broader Audience
Wall Street Journal article that examines the Bank On movement
CFE Fund Announces the Bank On National Account Standards for 2021 – 2022
Accounts certified as meeting these national Standards are already available in 99 of the largest 100 metro markets, and in 50 states and Washington, DC,