Moving Forward Together


Bank On California is a voluntary collaborative initiative that gives unbanked households access to mainstream financial products and services, including low-cost checking and savings accounts and access to free financial education opportunities.  Bank On programs are locally led coalitions of government agencies, financial institutions and community organizations.

What's New!

Why Do I Need An Account

By opening a bank account, you can take an important step toward financial security. With a free or low-cost account, you can start to save for the future and establish a credit history that will help you enter the financial mainstream and achieve your financial goals.

  • It’s convenient.
  • It’s safe. Deposits are insured.
  • Check cashing is a service provided with accounts.
  • It’s easier to pay bills.
  • You can take advantage of other services: direct deposit, online banking, online bill pay, and money transfers to family and friends.
  • To start saving.

How To Open An Account

Finding a bank or credit union is the first step. The staff of participating banks and credit unions are trained to answer questions and walk you through each step of the process. To set up a free or low-cost account, you need a valid ID. Many forms of ID are accepted, including passports, California IDs, Mexican Matricula cards, and more.

Managing Your Finances

We want you to have all the information and tools you need to get the most out of your new account and start planning and saving for the future. We've partnered with community (non-profit) organizations to offer free financial education classes.

Take a class at a convenient location. Contact the Bank On California participating city near you. You can also learn online.

Helpful Resources

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Highlighted Resources

Local Bank On Programs


  • 8.2 percent of US households are unbanked. This represents 1 in 12 households in the nation, or nearly 10 million in total.
  • 20.1 percent of US households are underbanked. This represents one in five households, or 24 million households. The 2011 underbanked rate in 2011 is higher than the 2009 rate of 18.2 percent, although the proportions are not directly comparable because of differences in the two surveys.
  • 29.3 percent of households do not have a savings account, while about 10 percent do not have a checking account. About two-thirds of households have both checking and savings accounts.


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