CFE Fund Urges U.S. Treasury to Utilize Government Programs for Financial Inclusion: Exploring ‘Bankable Moments’ to Connect Unbanked Americans
In a recent comment letter to the U.S. Department of Treasury, the CFE Fund encouraged...
Building a stronger financial future for Arizona residents.
Bank On Arizona works to provide access to safe and appropriate financial products and services for underserved communities across Arizona.
Jessica Howell
Director of Community Engagement/Bank On AZ Fellow
About Bank On Arizona
Our mission is to engage, equip and empower all families in AZ to build a secure financial future.
We envision an Arizona where all children and families thrive, regardless of income, and contribute to and share in the state’s growth. An Arizona where all residents work with government, business, labor and faith leaders in developing policies and programs that will ensure a strong future for all Arizonans.
Partnering financial institutions and community organizations offer services and educational resources that help empower people and families to improve their financial capability, health, and independence.
Why Bank On Arizona?
Products Improving the financial services marketplace for basic account transactions
People Connecting un- and underbanked individuals to certified accounts
Partners Investing in and nurturing vibrant banking access coalitions
Progress Advocating on banking access issues impacting our community
The Importance of the Bank On Movement
Approximately 18% of Arizonans are under-banked or unbanked
Unbanked households in AZ:
3.6%
Under-banked households in AZ:
14.5%
Underbanked adults nationwide:
50 Million
Estimated lifetime savings for a family:
$40,000
A basic banking account is an important first step in participating in the financial mainstream, depositing your paycheck safely, paying bills effectively, accessing or building credit, and saving for emergencies and the future. However, one key challenge facing people without accounts has been a lack of safe and appropriate banking products offered by mainstream financial institutions, particularly those without overdraft. Instead, nearly 50 million adults across the nation rely on costly alternative financial services – like cash checkers, payday lenders, and pawn shops – for routine financial transactions.
Participating banks and credit unions across Arizona offer low-cost, low-fee transaction accounts that are certified as meeting the Bank On National Account Standards.
Helping Reach Your Financial Goals
We’re All About Helping You Achieve Your Dreams
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Bank On Accounts Opened Nationwide
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Bank On Accounts Opened in All U.S. Zip Codes
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New Bank On Accounts Opened in 2022
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Bank On Certified Financial Institutions in AZ
Bank On Arizona
Certified
Account
Benefits
Steps to Get Started
How To Setup A Bank On Arizona Account
01.
Find a Participating Bank or Credit Union
Bank On Arizona has various partner financial institutions. You can find a participating bank or credit union in your area. The bank or credit union staff will answer your questions and help you open your new account.
02.
Ask About Opening a Bank On Arizona Account
Our partner branches have special checking and savings programs designed just for you. They will answer your questions and help you open an account that fits your needs.
03.
Bring Identification
You will need current government-issued identification. Some banks and credit unions may accept other IDs, as well. Most banks and credit unions will request a second form of ID.
04.
Open Your New Account
The employee at the bank or credit union will help you through the entire process. Also, the employee can show you how to sign up for money management training classes to help you get the most from your new account.
Bank On Testimonials
What Bank On Customers Say
Educator
has been a game-changer for my financial journey. The banking account I obtained through their platform has not only simplified my transactions but has also provided me with a range of tools to manage my money effectively.
IT Programmer
I appreciate Bank On's dedication to fostering financial inclusion and making banking accessible to everyone. The transparency, efficiency, and support I received have made them my go-to choice for all banking needs. I highly recommend a Bank On account.
Our News
Latest News
Dress for Success Phoenix Awarded Fellowship to Expand Access to Banking Throughout Arizona
Full-Time Bank On Arizona Fellow Will Lead Coalition of Government Leaders, Community Organizations, and Financial...
Dress for Success Phoenix Awarded Fellowship to Expand Access to Banking Throughout Arizona
Full-Time Bank On Arizona Fellow Will Lead...
CFE Fund Urges U.S. Treasury to Utilize Government Programs for Financial Inclusion: Exploring ‘Bankable Moments’ to Connect Unbanked Americans
In a recent comment letter to the...
Fred Rodriquez
Student