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Without a checking account, families wind up paying too much for basic financial transactions and are hard pressed to build savings and assets. households (approximately 12 million adults) are “unbanked,” without a checking or savings account. Why do basic transaction accounts matter? Quick Facts: Close to 5% of U.S.
Class equity enables students to open their own “bank account,” through which they practice earning classroom dollars, saving, and spending in a safe environment. The CFE Fund’s national Bank On platform supports local coalition and financial institution efforts to connect consumers to safe, affordable bank accounts: [link].
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