Building stronger financial futures for Iowa residents
Bank On Iowa works to connect everyone to safe and appropriate financial products and services.
Bank On Iowa is a collaboration between financial institutions, community-based organizations and local government to ensure that all residents have the opportunity to be financially healthy. Together, we are working to connect people to safe, affordable, and certified banking accounts. Our members also offer services and educational resources that help empower individuals and families to improve their financial capability, health and independence.
5%
of U.S. households are unbanked.
Approximately 12 million adults are unbanked, without a checking or savings account.
$40K
Unbanked cost per family
Being unbanked can cost $40K over a lifetime due to use of costly alternative financial services for routine financial transactions
24 million
underbanked adults nationwide
More than 24 million adults are underbanked nationwide, relying on some fringe financial services.
Featured Resources
Child Tax Credit Banking
A safe banking account is more important than ever during COVID-19 and for Child Tax Credit payments. New resources here!
Top Reasons to Open a Bank Account
Learn more about how being banked helps you reach your financial goals.
How to Pick a Bank Account
Banks offers accounts with different features, costs, and requirements so finding the right bank account can be a challenge. The How to Pick a Bank Account checklist can help you make the best decision.
Our Coalition
Join us in connecting Iowa residents to better banking products and making our community a safer, more accessible place to bank.
Bank On iowa coalition members are working together to ensure that all households have access to safe and affordable bank accounts that meet their needs, allows them to increase assets, and strengthen their financial stability.
Our Partners
BANK ON CERTIFIED ACCOUNTS ARE
Safe
These accounts do not allow overdraft or non-sufficient funds fees, so you’ll never be hit with a surprise fee.
Low Cost
Certified accounts are $5 or less per month, with no unpredictable fees.
Functional
Certified accounts always allow free deposits, free withdrawals, and free bill payments.