Bank On Dallas
Bank on Dallas is a new initiative to provide starter bank accounts to un-banked residents of the City of Dallas. The goals of Bank on Dallas are to:
The objective of “Bank on Dallas” is to generate a minimum of 25,000 new accounts over a 2 year period.
Participating banks and credit unions will allow un-banked residents to open new accounts based on the features listed below. Bank on Dallas will also have a financial education component designed to help individuals and families achieve greater financial stability. Bank on Dallas is a collaborative partnership between the City of Dallas, the Federal Deposit Insurance Corporation, the Federal Reserve Bank of Dallas, and numerous Dallas banks, credit unions, non-profit organizations, community organizations and major employers. Dallas Mayor Tom Leppert has designated City Councilman Jerry Allen to be the Chairman of the Bank on Dallas initiative.
Financial Institutions participating in Bank on Dallas have agreed to:
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