At a Glance Guide
By promoting affordable insured transaction and savings accounts, our vision is that all Americans have access to secure and affordable insured banking services and every bank offers affordable transaction and savings accounts.
We invite your bank to take action and be responsive to the needs of Low- and Moderate- Income populations. Bring them into the financial mainstream by offering affordable and sustainable accounts at your bank!
|Long-Standing Commitment||Did You Know?|
FDIC has a long-standing commitment to promote affordable insured transaction and savings accounts.
FDIC’s Model Safe Accounts Pilot and Template, launched
in 2011, identified transaction and savings accounts that
were transparent, affordable and sustainable, easy-to-understand,
backed by established consumer protections,
and insured by the FDIC.
The data suggests many of these households cited a reason related to fees or a minimum balance as the main reason for not having an account.
The Cities for Financial Empowerment (CFE) Fund’s Bank On National Account Standards follow the goals and include the core features of the FDIC Model Safe Account.
FDIC #GetBanked website provides multiple resources for unbanked consumers seeking to open an account and form a banking relationship.
Questions? For inquiries regarding expanding account access, email: CommunityAffairs@FDIC.gov