Bank On Greater Pittsburgh

The Urban League has spearheaded the Bank On Greater Pittsburgh initiative to encourage citizens to climb the economic ladder with banks for a stable financial future.  Bank on Greater Pittsburgh, slated for release in 2014, develops pathways for residents to access basic, low-cost financial services and financial education.  This initiative involves partnerships among local government officials, financial institutions and community-based organizations to educate Pittsburgh residents.  The “Bank On” program negotiates with banks and credit unions in local communities to assist low-income unbanked and under banked people with free or low-cost starter or “second chance” bank accounts.

Why are bank accounts important?

Utilizing traditional financial products and services can be the first steps in saving, building credit and planning for a stable financial future.  Unbanked and under banked individuals often rely on a cash-based system, missing out on the stabilizing benefits a checking account provides, such as:

  • Cost savings
  • Public safety
  • Disaster preparedness
  • Asset building

Why Bank On Greater Pittsburgh?

In the City of Pittsburgh, nearly 10% of families do not have bank accounts.  With education, opportunities and support, unbanked families can become more self-sufficient and do not have to rely on costly alternative financial services.

For more information, contact us at bogp@ulpgh.org or (412) 227-4191.

Visit us online at http://www.bankongreaterpittsburgh.com/

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