BankOn
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Bank On’s goal is to ensure that everyone has access to a safe and affordable bank or credit union account.
The CFE Fund’s national Bank On platform supports local banking access efforts.
BREAKING NEWS
CFE Fund Launches Fifth National Bank On Fellowship with Support from the Wells Fargo Foundation
April 20th, 2026
The CFE Fund has awarded fellowships to five local Bank On coalition
s, marking the fifth cohort of the national Bank
On
Fellowship. T
he five full-time Bank
On
ellows will each serve a two-year term helping to connect consumers
in
their localities to safe, affordable banking accounts
demonstrating
the power of dedicated coalition leadership
Read the full press release here.
New: Bank On National Data Hub 2024 Findings Highlight Exciting Progress for the Movement
December 3rd, 2025
New data from the
Bank On National Data (BOND) Hub
shows how Bank On certified accounts have brought millions of un- and underbanked households into the financial mainstream, generating billions of dollars in banking activity. The CFE Fund and the Federal Reserve Bank of St. Louis partnered to create the
Bank On National Data (BOND) Hub
, which aggregates national Bank On account activity related to account openings, usage and consistency, and online access. The newly released 2024 report features data from 45 reporting institutions representing nearly half of the US deposit market share. The report shows that over 14 million Bank On certified accounts are currently open, with more than 4.8 million accounts opened in 2024 alone; 84% of them were opened by customers new to the financial institution. Bank On account holders are not only opening new accounts, but keeping them open, directly depositing funds, making regular transactions, and accessing peer-to-peer and online banking. Account closures also dropped significantly.
Overall, the data reflects the growing momentum of the Bank On movement, with more than 500 certified accounts now publicly available at financial institutions representing over two-thirds of US deposit market share.
Read the full report here.
The CFE Fund also recently updated our
tool for exploring BOND Hub account data
at the national; state; county; city; or zip code level.
The CFE Fund’s Skyline Newsletter Highlights Transit Banking Access Integrations
June 10th, 2025
The Cities for Financial Empowerment Fund’s regular Skyline newsletter spotlights cutting edge financial empowerment work happening on the ground in cities and counties across the country. The latest issue highlights how
two local transit agencies used the shift to contactless payment to help bring riders into the financial mainstream.
Read the full issue here.
ACCOUNT STANDARDS
Bank On National Account Standards provide local programs with a benchmark for safe, affordable account partnerships with mainstream financial institutions.
OUR IMPACT
Bank On coalitions and accounts meeting Bank On Standards are available across the country. Certified accounts are available now in over 46,000 branches, with more on the way!
@cfefund.bsky.social
View post by Cities for Financial Empowerment Fund on Bluesky
Cities for Financial Empowerment Fund
@cfefund.bsky.social
4 days
We’re thrilled to announce the 5th cohort of Bank On Fellows, selected to lead banking access expansion efforts in 5 municipalities across the country. Congratulations to the new Fellows, and thank you to the Wells Fargo Foundation for their generous support of this work! Read more:
bit.ly/48gnKci
❤️