Bank On Chicago

Bank On Chicago works to connect everyone to safe and appropriate financial products and services.

Nearly 65 million adults in the US are unbanked or underbanked, relying on costly alternatives for basic transactions. Bank On Chicago is a collaboration between the Economic Awareness Council and numerous Chicago area non-profits, government agencies and financial institutions. Through this collaboration, Bank On Chicago is working to increase financial literacy. Together, we are working to connect people to safe, affordable, and certified banking accounts. Our members also offer services and educational resources that help empower people and families to improve their financial capability, health and independence.

About Us

of Chicago residents are unbanked

without a checking or savings account

25%

of Black households in Chicago are unbanked

$40K

cost of being unbanked over a lifetime

50M

underbanked adults nationwide

Featured Resources

GetMyPaymentIL.org

Many people qualify to receive a $1,200 Economic Impact Payment Through the Cares Act.

Find Out More

Stimulus Payment Training for Nonprofit and Government Case Managers

Join us for a webinar to learn about EIP payment eligibility and explore no-fee banking options with Bank On Chicago.

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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.

Find Out More

Resources

Our Coalition

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

Bank On Chicago 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.

Steering Committee

Cities for Financial Empowerment Fund

City of Chicago – Mayor’s Office

Economic Awareness Council

Federal Deposit Insurance Corporation

Federal Reserve Bank

Heartland Alliance/Illinois Asset Building Group

Office of the City Treasurer, City of Chicago

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.

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