Building stronger financial futures for Chicago residents.
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.
7%
of Chicago residents are unbanked
without a checking or savings account25%
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.
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.
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.
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.
Cities for Financial Empowerment Fund
City of Chicago
Economic Awareness Council
Federal Deposit Insurance Corporation
Federal Reserve Bank
Heartland Alliance/Illinois Asset Building Group
Office of the City Treasurer, City of Chicago
Access Living
Bethel New Life
Cara Chicago
Catholic Charities
Chicago Commons
Chicago House
Gary Comer Youth Center
Heartland Alliance
Jane Addams Resource Corporation
Jewish Free Loan Chicago
Jewish United Fund
Ladder Up
National Latino ELester and Rosalie Anixter Centerducation Institute
National Latino Education Institute
North Side Community Federal Credit Union
Northwest Side Housing Center (NWSHC)
Poder
Preservation of Affordable Housing
The Resurrection Project
Safer Foundation
St. Lawrence Ministries
Woodstock Institute
Year Up
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.