Created in partnership with the Federal Reserve Bank of St. Louis, the Bank On National Data Hub aggregates data from financial institutions with Bank On certified accounts from across the country, including account openings, usage, and online access. The 2023 report features data from 44 reporting institutions. The report shows that over 11 million Bank […]
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New Data: Bank On National Data Hub 2022 Data
The CFE Fund and the Federal Reserve Bank of St. Louis partnered to create the Bank On National Data (BOND) Hub, which aggregates national Bank On account activity related to account openings, usage and consistency, and online access. 35 reporting financial institutions shared their 2022 data, which is highlighted in a recent report, The Bank […]
The CFE Fund Submits CRA Modernization Comment Letter
The CFE Fund recently submitted a comment letter to the Federal Reserve Board on Community Reinvestment Act (CRA) modernization. Citing experiences from the Bank On movement, as well as the FECPublic initiative, the CFE Fund recommended that the CRA examination process should credit financial institutions’ provision of safe and affordable banking accounts and support for […]
COVID-19: It Has Never Been More Important to Have A Banking Account
The time is now – and it’s not too late – to open a safe banking account to get unemployment money and other benefits faster & safer than a check. Visit http://covidbanking.joinbankon.org for details on which #BankOn certified accounts that can be opened online! […]
Bank On National Data Hub
During this time, a safe, affordable and productive banking account is more important than ever – and the data continues to show that Bank On accounts are attracting new customers to the financial mainstream. Building off the CFE Fund’s partnership with the Federal Reserve Bank of St. Louis and a pilot study in 2017 , the St. […]
Making the Case for Banking Access: Talking to Unbanked People about Bank Accounts
This report, Making the Case for Banking Access: Talking to Unbanked People About Bank Accounts, explores effective messages for communicating with those who are unbanked about the value of safe accounts. The CFE Fund commissioned strategic communications firm RALLY and polling research firm PSB to field a multi-city series of focus groups and surveys to uncover […]
The 2019 Bank On National Conference Convenes Stakeholders in Washington, DC
The CFE Fund’s 2019 Bank On National Conference in Washington, DC brought together key stakeholders from multiple sectors across the country: local Bank On coalition program leads and their community partners, Mayors, city administrators, tribal governments, financial institutions large and small, federal banking regulators, national nonprofit organizations, philanthropic partners, consumer advocates, and more. The conference […]
New Chapters: Bank On Coalition Playbook
The CFE Fund supports local Bank On coalitions through best practices found in our Bank On Coalition Playbook. Chapters cover a range of topics; newly-released chapters include best practices for Programmatic Banking Access Integration, a handout for financial institutions on the benefits of Bank On National Account Certification, guidelines for Launching or Relaunching a Coalition, local Strategies […]
The Present and Future of Bank On Account Data: Pilot Results and Prospective Data Collection
In partnership with the Federal Reserve Bank of St. Louis, the Bank On Data pilot collected and measured quantitative data on 2017 Bank On certified account usage at four pilot financial institutions with certified accounts: Bank of America, JPMorgan Chase, U.S. Bank, and Wells Fargo. The pilot reveals the kinds of relevant account data that […]
First Cohort of Bank On Fellows Launches
The CFE Fund has awarded fellowships to five local Bank On coalition to advance operations and generate best practices on expanding access to safe and appropriate financial products and services. […]