bankonwashington

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

Bank On Washington is a collaboration between financial institutions, community-based organizations, and local government to ensure that all residents have the opportunity to be financially healthy. Together, we are working to connect people to safe, affordable, and certified banking accounts. Our local Bank On coalitions also offers services and educational resources that help empower people and families to improve their financial capability, health, and independence.

About Us

7.5 million

residents in Washington of which 3% are unbanked

and 17.5% of residents are underbanked.

of U.S. households are unbanked.

Approximately 14 million adults are unbanked, without a checking or savings account.

$40K

Unbanked cost per family

Being unbanked can cost $40K over a lifetime due to use of costly alternative financial services for routine financial transactions

50 million

underbanked adults nationwide

More than 50 million adults are underbanked nationwide, relying on some fringe financial services.

Featured Resources

A Youth-Led Bank On

Bank On Seattle-King County (BOSKC), a youth-led Bank On campaign, with oversight from the Community Network Council, and the Financial Empowerment Network, supports efforts to improve financial education, critical thinking, leadership, and collaboration skills of 6th – 8th graders.

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Bank On Washington Forum

Convened by the Financial Empowerment Network (FEN), the 2021 Bank On Washington Forum was for community professionals interested in learning about fintech and inclusive banking.

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Financial Empowerment Network

The Financial Empowerment Network serves as the convening agency for Bank On Washington and envisions communities where low- and moderate-income individuals and families can achieve financial well-being.

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Resources

Our Coalition

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

Bank On Washington local coalitions 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.