Building stronger financial futures for Washington residents.
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.
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.
Unbanked cost per family
Being unbanked can cost $40K over a lifetime due to use of costly alternative financial services for routine financial transactions
underbanked adults nationwide
More than 50 million adults are underbanked nationwide, relying on some fringe financial services.
Bank On Washington Forum
The 2020 forum was more than just an annual gathering; it was an incubator of new ideas and opportunities to help improve the financial stability of our un- and underbanked neighbors. Watch the recordings to learn how you can engage your community in topics such as addressing the root causes of the racial wealth gap.
Bank On Washington Film Fest
In collaboration with The Financial Education Public-Private Partnership (FEPPP), Jump$tart Washington and the Financial Empowerment Network, students (filmmakers) were invited to produce a short film on financial inclusion that focuses on the barriers and solutions to being unbanked in Washington state.
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.
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.
Bank On Cowlitz
Bank On Seattle-King County
Bank On Kitsap
Bank On Mason
Bank On Tacoma-Pierce County
Bank On North Sound (Skagit, Snohomish, & Whatcom)
Bank On Spokane
Bank On Thurston
Bank On Yakima
Washington State Department of Financial Institutions (DFI)
Financial Education Public-Private Partnership (FEPPP)
Financial Empowerment Network
Washington State Treasurer’s Office
BANK ON CERTIFIED ACCOUNTS ARE
These accounts do not allow overdraft or non-sufficient funds fees, so you’ll never be hit with a surprise fee.
Certified accounts are $5 or less per month, with no unpredictable fees.
Certified accounts always allow free deposits, free withdrawals, and free bill payments.