Bank On San Francisco helps you find a safe, affordable bank account, with no overdraft or hidden fees. A bank account is important because it is the door to the financial mainstream and greater economic stability. It doesn't matter how much money you have, if you don't have a social security number or California ID, or if you've had trouble banking in the past. With Bank On San Francisco, everyone is welcome!
Living without a bank account is expensive as it can force someone to use fringe financial services, such as check cashing services, money orders and payday loans. Such practices are common and costly: one analysis found that the average family earning $25,000 per year could spend about $2,400 or ten percent of their income on financial transactions, including fees for prepaid cards and money transfers. Once someone has a bank account, they can access other financial products and services that can help them build wealth and achieve upward economic mobility.
Bank On Accounts - Features
|No overdraft or other hidden fees||Online and mobile banking|
|No minimum balance required||Minimum opening deposit of $25|
|Flexible account opening||Low monthly fees of $10 or less|