BankOn

5.4% of U.S. households (approximately 7.1 million households) are unbanked, without a checking or savings account.

Being unbanked can cost $40,000 over a lifetime due to use of costly alternative financial services for routine financial transactions.

In Detroit, one in four residents are unbanked or underbanked.

Join us in connecting Detroit residents to better banking products and making our community a safer, more accessible place to bank.

Bank On Detroit members are working together to ensure that all households have access to safe and affordable bank accounts that meet their needs, allows them to increase assets, and strengthen their financial stability.

Financial Institutions with Accounts that Meet the Bank On National Account Standards

Bank Of America: Safe Balance Account
Chase: Secure Banking
Citizens: EverValue Checking and Student Checking
Fifth Third: Express Banking
First Independence: First Choice
First Merchant: Simple Access Checking
Flagstar : Simply One
PNC : Foundation Checking and Smart Access
Security Credit Union Opportunity Checking

Community Partners

United Way for SE Michigan
Wayne Metropolitan Community Action Agency
CEDAM (The Community Economic Development Association of Michigan
Congress of Communities
Matrix Human Services
United Way of Southeastern Michigan
Wayne Metro Action Agency
Michigan Open Accounts Coalition

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

Join Us

Bank On Detroit is committed to helping residents access safe and affordable banking products and services. Our partners span across local nonprofit and community organizations to local government agencies, all working to help improve the financial stability of residents in Detroit.

Bank On Detroit is part of the national Bank On movement; like dozens of other Bank On coalitions across the country, Bank On Detroit partners across sectors to work to connect residents to banking products certified as meeting the Bank On National Account Standards. Bank On Detroit also helps residents with information about how to use these products effectively and how to navigate the consumer finance marketplace successfully.

Bank On coalitions provide outreach and programming to connect residents to safe financial products, partner with local financial institutions to facilitate account access, and work to integrate banking access strategies into nonprofit and government social services.

Joining or supporting Bank On Detroit helps us do our critical work of connecting residents to safe and affordable banking products, starting them down a path towards a stronger financial future.

To learn more about Bank On Detroit please contact Bank On Coordinator, CaMille Collins at [email protected].

Join us in connecting Detroit residents to better banking products and making our community a safer, more accessible place to bank.

Financial Institutions with Accounts that Meet the Bank On National Account Standards

Community Partners

Bank On Certified Accounts are:

Join Us

Contacts City Directory