St. Louis Fed Releases the Bank On National Data Hub Findings from 2021

The Federal Reserve Bank of St. Louis and CFE Fund’s #BankOn National Data Hub has just come out with 2021 data! Across just 28 reporting institutions, 3.4 million Bank On certified accounts were opened in 2021, with 80% of accounts opened by customers new to the financial institution – the Bank On movement is bringing new customers into the financial mainstream. There are now Bank On accounts open in 85% of all US zip codes, and a stunning 14.1 million Bank On certified accounts have been opened to date! We’re thrilled that these partners shared their data with the St. Louis Fed to help tell the story of how Bank On KC is working to connect everyone in the Kansas City area to safe and affordable Bank On certified accounts. More here:

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