Over the last several years, many banks have eliminated low cost checking and savings account options. We think that this trend creates an important opportunity to make sure people know where to go to find affordable banking options. At MyMoneyDFW.com, we featured a Savings Account page that provides three important resources to help people find an affordable banking product:
It can be stressful opening up a bank account. Luckily, the Consumer Financial Protection Bureau has a very simple tool that makes it easy to know to open a bank account.
Nerdwallet offers a comprehensive database of free or low cost checking and savings account options in your area. They include most major banks, credit unions, and web-based banking, and also provide searchable criteria to ensure you find an account that has all of the features you want.
Finally, we feature several local products that meet the Bank On National Account Standards for quality and affordability. Bank On only recognizes products that are safe, affordable, and transparent.
You can learn more about these affordable checking and savings options at MyMoneyDFW.com, United Way’s hub for free resources and easy ways to make your money go further. United Way is committed to help North Texans get and keep better jobs, establish savings and hold on to more of what they earn. Our goal is to move 250,000 North Texans permanently out of poverty by 2020. Since 2011, we’ve invested over $42 million and currently fund 81 programs that put our residents on the path to financial stability. This is one of the ways United Way is treating 360 degrees of need in our community and providing the opportunity for all North Texans to thrive now and into the future.