Building stronger financial futures for District of Columbia residents
Bank On DC works to connect everyone to safe and appropriate financial products and services.
Bank on DC is a collaborative effort between the District of Columbia Department of Insurance, Securities and Banking, financial institutions and nonprofits to provide access to safe and affordable financial services and products to unbanked and under-banked households in the District of Columbia. Together, we are working to connect people to safe, affordable, and banking accounts. Through financial education and enhanced access to needed financial products and services, Bank on DC provides economic mobility and wellness to individuals throughout the D.C.Metro region, helping thousands save money and build their financial future.
Featured Resources
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
An Evaluation of Financial Empowerment Centers: Banking Status
Summary of findings about outcomes achieved through Financial Empowerment Centers.
Our Coalition
Join us in connecting District of Columbia residents to better banking products and making our community a safer, more accessible place to bank.
Bank On DC members are working together to ensure that all households have access to safe and affordable bank accounts that meet their needs, allowing them to increase assets, and strengthen their financial stability.
These financial institutions partner with Bank on DC
Agriculture FCU
(202) 479-2270
Amalgamated Bank
(800) 662-0860
Bank of America
(800) 432-1000
Chase
(800) 935-9935
Democracy FCU
(202) 488-5400
DC Credit Union
(877) 784-5551
Industrial Bank
(202) 722-2000
M&T Bank
(800) 724-2440
PNC Bank
(888) 762-2265
TD Bank
(888) 751-9000
Truist
(844) 487-8478
United Bank
(800) 327-9862
Wells Fargo
(800) 869-3557
8%
Unbanked Households
D.C. households are unbanked, without a checking or savings account.
21%
Underbanked Households
D.C. households are underbanked, relying on some fringe financial services.
$800
Unbanked cost per year
due to the use of costly alternative financial services for routine financial transactions.
Our Partners
BANK ON CERTIFIED ACCOUNTS ARE…
Safe
These accounts do not allow overdraft or non-sufficient funds fees, so you’ll never be hit with a surprise fee.
Low Cost
Certified accounts are $5 or less per month, with no unpredictable fees.
Functional
Certified accounts always allow free deposits, free withdrawals, and free bill payments.