Steering Committee Cammy McCluskey CA$H Coalition Co-Chair Assistant VP, Banner Bank Abby Koder, MBA VP Marketing & Strategy, Global Credit Union Ellen Dollan, CFA City Treasurer/Investment Officer, City of Spokane Melody Kinkead Group Coordinator, Community Frameworks
Partner How-to Guide Our Mission Bank On Spokane: Promoting household savings and financial
For questions or concerns, please contact: Amanda Park Bank On Spokane, Program Manager 509.456.7174 Ext. 113 park@snapwa.org
empowerment by providing access to a bank account and the resources to be successful managing it.
Financial Partners (banks and credit unions):
An estimated 39,000 Spokane-area households have limited or no access to mainstream banking services. These unbanked families must often resort to alternative and more costly services to mange daily financial obligations, which can cost them, on average, an additional $100 each month. These families often keep cash in their homes, which puts them at risk for theft and burglary.
What is a Bank On Spokane partner?
Why Bank On Spokane?
Why don’t people have bank accounts? The most common reasons that people give for remaining unbanked are:
“I just don’t trust banks!”
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“I don’t make enough money.”
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“Having a bank account is too expensive.”
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Bank On Spokane Accounts key features: •
Contribute to the Bank On marketing fund
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Agree to offer low-cost, approachable bank accounts
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• Report opened Bank On accounts
Community Partners (non-profits, human service agencies and employers): •
Considerations for “reporting agency” applicants
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Alternative ID accepted: Martricular Consular Card, ITIN
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ATM/Debit card option with no-fee for in-network use
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Less-than-$10 monthly service maintenance fees
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Provide Bank On Spokane information to clients
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Are eligible for a “micro-grant” to offset financial education expenses Provide information about Bank On Spokane in classes Provide low- or no-cost financial education/counseling
• Submit course evaluation forms to Bank On Spokane
Bank On Spokane provides partners with: • •
Free downloadable materials
Have an interest in improving the financial stability of their clients/employees
• Refer clients to financial education resources Help clients find participating Bank On Spokane financial institutions
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Get $mart Spokane (financial education providers): •
Less-than-$100 minimum opening deposit
• No minimum monthly balance requirements
Additional written material that clearly outlines fees
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Bank On Financial Education Outreach includes: • Easy access to a financial education referral network •
• The opportunity for clients to earn a $10 credit when
Marketing materials Access to Bank On Washington resources
• Networking opportunities • • •
Community recognition Professional development opportunities Opportunities to make a positive impact in your community!
they open their Bank On Spokane account •
Partner assistance to expand capacity and increase class offerings