Building stronger financial futures for Rochester, NY residents
Bank On Rochester works to connect everyone to safe and appropriate financial products and services.
Bank On Rochester is a collaboration between the Mayor’s Office of Financial Empowerment, financial institutions, community-based organizations and local government to ensure that all residents have the opportunity to be financially healthy. Our members are dedicated to connecting residents without bank accounts—or those looking for safer, more affordable options—with trusted banks and credit unions.
We make it easy to find an account that works for you so you can manage your money with confidence. We also offer services and educational resources that help empower people and families to improve their financial capability, health and independence.
4.2%
of U.S. households (approximately 5.6 million households) are unbanked, without a checking or savings account.
Being unbanked can cost $40K over a lifetime due to use of costly alternative financial services for routine financial transactions
$40,000
the cost of being unbanked over a lifetime due to use of costly alternative financial services for routine financial transactions
More than 24 million adults are underbanked nationwide.
39%
of households in Rochester are unbanked or underbanked
Featured Resources
Prosperity Now Scorecard
Access Prosperity Now’s data tool to download estimates of unbanked and underbanked households at city, county, metro, and state levels.
Bank On National Account Standards
The CFE Fund’s Bank On National Account Standards provide local programs with a benchmark for account partnerships with financial institutions, and include both core and recommended features.
The Present and Future of Bank On Account Data
A report by the CFE Fund and the Federal Reserve Bank of St. Louis
Our Coalition
Join us in connecting Rochester residents to better banking products and making our community a safer, more accessible place to bank.
Bank On Rochester 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.
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.