BankOn coalitions are local partnerships between government agencies, financial institutions, and community organizations that work together to improve the financial stability of unbanked and underbanked residents in their communities.

The BankOn Los Angeles County coalition is managed by the County of Los Angeles Department of Consumer and Business Affairs' Center for Financial Empowerment. The program works with community organizations, County departments, and financial institutions to increase access to mainstream bank accounts. This helps avoid expensive alternative financial services and puts individuals on a path to increased savings and financial empowerment.

Bank On Los Angeles County is a program lead by the L.A. County Department of Consumer and Business Affairs' Center for Financial Empowerment (CFE) to connect residents to safe and affordable financial products.

Bank On Los Angeles County works with local banks and credit unions to provide low-cost checking accounts that serve as an alternative to expensive financial services. The banks and credit unions that join Bank On must include services that are considered safe for consumers.

Some of the Bank On Los Angeles County checking account features include:

-Free Check Cashing Services
-Free and Unrestricted Customer Service
-Free Online and Mobile Banking
-Low Minimum Opening Deposit Fee, $25 or Less
- No Overdraft Fees
For more information, please visit : https://dcba.lacounty.gov/bankon/

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