Bank On CT connects residents with safe and affordable bank accounts. Our goal is to increase the number of banked individuals in Connecticut by sharing information about accounts that have no overdraft fees and a low or no monthly cost.
Based on local efforts and lessons learned, the Cities for Financial Empowerment Fund (CFE Fund) put together these Bank On Guiding Principles to outline fundamental shared ideals of the Bank On movement and local coalition priorities.
Bank On CT encourages financial institutions throughout Connecticut to create banking products that meet the Bank On National Account Standards. The products featured below already meet those standards. Click on each name or logo below to access services.
Melissa was referred to the CAHS Bank On CT initiative by the Greater Hartford Reentry Collaborative to get assistance with filing for her Economic Impact Payment. This was recently announced to offer the formerly incarcerated the opportunity to apply for the stimulus by the deadline of 11/21. In speaking with her, we learned that she not only needed help with getting her stimulus payment but she didn’t have a bank account. Our Bank On CT Program Coordinator saw this as an opportunity to inform Melissa about Bank On CT. Bank On works with municipalities, and community based organizations to promote safe, affordable, and certified bank accounts with our partner financial institutions.
Tori Hamilton, our Bank On and VITA Outreach Program Coordinator assisted Melissa with opening a Key Bank Hassel Free account online (one of the Bank On certified accounts) and then referred her to one of our Virtual VITA sites to get assistance with applying for her stimulus payment. The services Melissa received resulted in her receiving $1,200, saving over $300 in tax preparation fees, and opening a safe and affordable bank account. As stated by Melissa "I am very grateful to you Tori. I had no one to help me and out of the blue sky you came to my aid. Thank you from my heart."