Why Open a Bank On SF Certified Account?

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Why Open a Certified Account?

Bank accounts can be complicated – and expensive. Bank On San Francisco makes it easy with no overdraft, free or low-cost checkless checking accounts that put you in control of your money. Find out more about the Bank On National Account Standards here.


No overdraft fees, ever

    No overdraft fees, ever.

    Overdraft is when your bank or credit union lets you spend more money than you have in your account. It sounds good, but don’t get tricked! The average overdraft fee that most bank accounts charge is $34, and you could be charged multiple fees per day – for example, six overdrafts would result in $204 in fees in a single day! With Bank On SF, you are in control of your money, with no overdraft or hidden fees.

    No need to pay expensive check cashing fees

      No need to pay expensive check cashing fees.

      If you don’t have a checking account to deposit a paycheck or benefits check, you will probably pay high check cashing fees just to get your money. For example, if a check-cashing service charges you 3% to cash your $1,000 check, you will pay a $30 fee. Open a Bank On certified account and avoid spending hundreds of dollars a year. You can deposit your checks in your account and pay your bills online at no additional cost. A full-time worker could save as much as $40,000 during their career by relying on a low-cost checking account instead of check-cashing services.

      You don’t have to be a U.S. citizen

        You don’t have to be a U.S. citizen.

        Don’t have a driver’s license, passport, or other U.S. ID? That’s ok! Matrícula and other Consular identification cards are accepted. You don’t need a Social Security number, but banks and credit unions may ask for your ITIN (Individual Taxpayer Identification Number). Most banks and credit unions will ask for a second form of identification to verify your address, such as a utility bill.

        You can get a bank account, even if you’ve had accounts closed or owe money

          You can get a bank account, even if you’ve had accounts closed or owe money.

          Everyone deserves a bank account. And everyone deserves a second chance. Sometimes people who have had problems banking in the past are not allowed to open new accounts. Not with Bank On San Francisco! Unless you have a history of fraud, you can find banks and credit unions who will help you open a Bank On San Francisco certified account.

          If you believe that a fraud or other record appearing in ChexSystems or another credit reporting tool used by banks to screen new customers is incorrect, you can dispute the error. Click here to learn more.