CAAB

Investing in People, Strengthening Communities

Avoid Check Cashing Fees

Why spend hundreds of dollars a year at a check-cashing company when you can deposit your money for free and pay your bills at no additional cost? Today, everybody can get a bank account. Even if you’ve had problems with an account in the past, or have never had an account before.

Avoid Check Cashing Fees

Why spend hundreds of dollars a year at a check-cashing company when you can deposit your money for free and pay your bills at no additional cost? Today, everybody can get a bank account. Even if you’ve had problems with an account in the past, or have never had an account before.

Avoid paying the cost of check cashing fees by opening a Bank on DC Account

What is a Bank on DC Account?

Unlike other accounts, Bank on DC:

 Saves you money

  • Free to low-cost accounts
  • Low to no monthly fee

 Offers a second chance

  • You can get a Bank on DC ‘Second Chance Account’ that accepts people in ChexSystems

  Accepts foreign IDs

  • You can get a Bank on DC account with secondary forms of ID as primary identification to open a bank account (e.g. Ecuadorian, Mexican, El Salvadorian identification)

How do I open a Bank on DC Account?

It’s EASY to open a Bank on DC account! You can:

  • Find a participating bank or credit union in your neighborhood. Look for the Bank on DC sign at a bank or credit union in your community or fill out this form to be connect with a financial institution.
  • Ask them about opening an account through Bank on DC. Our financial partners have designed special banking programs just for you. They’ll answer your questions and help you open an account that best serves your needs.
  •  Remember to bring some identification. Our participating financial institutions You don’t need a Social Security number, but you will need a passport, District of Columbia ID, Mexican Matricula card, or Guatemalan Consular identification card. And most bank will request a second form of ID, not including cell phone bills.
  •  Open your new bank account. The persona at the bank will walk you through the entire process. And they can even sign you up for free money management training classes to help you get the most from your bank account.

For further information, please visit http://bankondc.org/no-check-cashing-fees/

 

About Capital Area Asset Builders

Capital Area Asset Builders (CAAB) is a non-profit organization whose mission is to empower low- and moderate-income residents of the Greater DC Area to take control of their finances, increase their savings, and build wealth for a better future.

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How to give

Now, more than ever, non-profits like Capital Area Asset Builders (CAAB) need your help. Please support CAAB as we continue to help DC residents manage and/or improve their financial situation during these difficult times. If you can't afford to give a monetary gift, please visit our Amazon Wish List where you can choose from a variety of items that CAAB needs in order to better serve our community.

or send a check or money order to
Capital Area Asset Builders (CAAB)
c/o Joseph Leitmann-Santa Cruz, CEO & Executive Director
1100 H Street NW, Suite 200
Washington, DC 20005