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Bank On ensures access to a safe, affordable bank or credit union account. FIS is committed to helping our customers provide certified Bank On accounts to their users. Users will be able to identify and enroll in safe, low-cost transactional products certified by the national nonprofit organization Cities for Financial Empowerment Fund as meeting the Bank On standards.
These standards serve as the basis for free and independent certification, addressing basic account costs, functionality and consumer protection. Transaction accounts certified as meeting the Bank On National Account standards are already available in tens of thousands of branches across the country, connecting hundreds of thousands of consumers to safe financial products that meet their needs.
Bank On certified accounts are safe, affordable and bring unbanked Americans into the financial mainstream. The CFE Fund is proud to partner with FIS to help banks offer Bank On certified products. Banking access is fundamental to financial stability. Expanding that access is critical to helping consumers, particularly those of color, build stronger futures.”
What are the benefits of offering a certified Bank On account?
FIS Bank On offers benefits that include:
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