Today at the 2023 Bank On National Conference, keynote addresses by Federal Deposit Insurance (FDIC) Corporation Chairman Martin J. Gruenberg and Office of the Comptroller of the Currency’s (OCC’s) Acting Comptroller Michael J. Hsu – two of the nation’s top federal banking regulatory agencies – highlighted Bank On movement progress. There are now over 375 Bank On nationally certified accounts, offered by banks and credit unions representing over 60% of the domestic deposit market; more than half (53%) of all US bank branches offer a Bank On certified account. Federal and state agencies from the FDIC to the Internal Revenue Service to state Departments of Labor are pointing consumers to Bank On accounts to receive payments, as are local programs across the country. There are 100 local Bank On coalitions working to advance this national movement, including an increasing number of statewide coalitions. Check out the Conference agenda here.
Registration is now open for the 2023 Bank On National Conference – register now to save your seat! Our biennial Bank On National Conference will be held at the National Press Club in Washington D.C. on May 23rd, 2023, with keynote addresses by Federal Deposit Insurance Corporation Chairman Martin J. Gruenberg and Office of the Comptroller of the Currency’s Acting Comptroller Michael J. Hsu. The biennial Bank On National Conference brings together hundreds of local Bank On coalitions, financial institutions, banking regulators, elected officials, and other partners from across the country to share best practices in serving unbanked and underbanked populations, reflect on the progress of the Bank On initiative, and inform future Bank On efforts — we hope you’ll join us! Check out the agenda here.
Working closely with our Bank On National Advisory Board and other key stakeholders, the CFE Fund released the English version of the Bank On National Account Standards. These standards provide local programs with a benchmark for account partnerships with financial institutions, and include both core and recommended features. The Standards were inspired by the 2012 Federal Deposit Insurance Corporation’s Model Safe Accounts Template. View the Spanish language version of the Bank On National Account Standards here.