About Bank on DC

Bank on DC, a DC Department of Insurance, Securities and Banking program, is a collaborative effort between the district, financial institutions and non-profits, and education to un/underbanked* households in the DC Metro Area. DC is home to over 37,000 unbanked households and 72,000 underbanked households who frequently use expensive, unnecessary financial services such as check cashers.

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.

  • Currently, Bank on DC has partnered with a number of banks and credit unions to offer Bank on DC accounts which have low to no minimum balance requirements, and have low cost monthly fees.
  • Selected Bank on DC financial partners also provide “second chance accounts” for people with ChexSystems histories or accept secondary forms of ID, such as foreign documentation.*

    • Bank on DC Mission

    Bank on DC aims to provide unbanked and underbanked individuals access to low-cost, safe financial accounts, products and services and high-quality financial education. In doing so, we help financial institutions reach new customers, community organizations build financial literacy, and help individuals save money on fees while securing savings for the future.