Welcome to the California Department of Financial Institutions

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Bank on California

DFI is a government agency partner of the statewide Bank on California initiative started in 2008 to help Californians open a bank account and avoid the high cost of checking cashing services and start saving for the future. California is lauded as the first state in the nation to launch the initiative seeking to draw the "unbanked" into the financial mainstream.

Related Information

Findings from the FDIC Survey of Bank Efforts to Serve the Unbanked and Underbanked (June 2009) (Adobe PDF)
This article summarizes key findings of the FDIC Survey of Bank Efforts to Serve the Unbanked and Underbanked. It is intended to inform bankers, policymakers, and researchers of the survey results and to outline steps for improving access to the mainstream financial system.

Banking On Opportunity: A Scan of the Evolving Field of Bank On Initiatives
This report explores the emergence of the Bank On model, which was first developed by the City and County of San Francisco in 2006. Through these programs, city leaders bring together financial institutions, community organizations, financial regulators and other partners to connect residents with free and low-cost bank accounts, financial education and other safe, affordable mainstream financial services.

Join Bank On
JoinBankOn.org unites diverse partners to share tools, resources, and knowledge online about Bank On programs to extend the reach of this movement nationally. Local, state, and regional Bank On coalitions, as well as affiliated partners, can participate in the online community, recruit more partners to their efforts, and build locally tailored programs. By registering, members can use the guides, forums, and key contact lists to speed the process of program development, share relevant resources, and increase the likelihood of local success. JoinBankOn.org is a joint effort of the City and County of San Francisco, the National League of Cities, the William J. Clinton Foundation and McCann Worldgroup.