Safe & Affordable Banking
Banking access is one key to financial empowerment. Without a bank account, residents pay too much for basic financial transactions, making it harder to build savings and manage debt. Bank On Rubber City, a coalition led by United Way of Summit & Medina and the City of Akron, is committed to helping residents access safe and affordable banking products and services.
The Importance of Banking
The average unbanked person spends 5% of net income on unnecessary fees for alternative financial services. This can amount to $40,000 over a lifetime—a significant amount for those who can least afford it.
People with mainstream bank accounts are more likely to:
- Keep more of their earnings
- Develop consistent savings habits
- Have access to budgeting and tracking tools
- Access to affordable credit options
Bank On Certified Account Features
Bank On Rubber City helps individuals identify safe and affordable checking account options that meet the Bank On National Standards.
No minimum balance requirement
$5 or less/month
No possibility of overdraft
Free bill payment & debit card
2nd chance checking opportunities
Bank On Certified Accounts
- Chase Secure Banking Account
- Citizens EverValue Checking Account
- Citizens Student Checking
- Dollar Bank No Overdraft Checking Account
- Fifth Third Bank Express Account
- New York Community Bancorp My Community SimplyOne Checking
- PNC Bank SmartAccess Account
- PNC Bank Foundation Checking
- Portage Community Bank Financial Empowerment Checking Account
- S&T Bank Easy Banking Account
- U.S. Bank Safe Debit Account
Want more information about Bank On certified accounts? Contact [email protected] or call the Financial Empowerment Center at 330.685.9430. The Financial Empowerment Center also offers free one-on-one financial coaching that can help you with banking or other financial questions.
United Way of Summit & Medina
Featured Story
“The judgment free zone made me feel comfortable and confident. We were able to buy a home, save money, and break down debt.”