The AARP Foundation and AARP Public Policy Institute report “A Portrait of Older Underbanked and Unbanked Consumers: Findings from a National Survey” includes policy suggestions urging action to help individuals access financial services safely and cost-effectively through banking accounts.
The following list of resources offers consumers further advice and guidance on opening and choosing an appropriate account and managing it effectively to avoid fees.
Find a low-cost, safe bank account with “Bank On”
“Bank On” programs bring together local governments, financial institutions, and community-based organizations to develop pathways for residents to access basic, low-cost, safe financial accounts, products and services, and high-quality financial education. To help bring U.S. Department of the Treasury is developing a national Bank On USA initiative to help expand the community “Bank On” movement.
Learn more about “Bank Ons” and find out if a local program has launched near you.
- INTERACTIVE BANKING INFORMATION FOR ANYONE (ALSO AVAILABLE IN SPANISH)
- A GUIDE TO YOUR FIRST BANK ACCOUNT, ALL AGES
- BANKING BASICS, FOR YOUNG PEOPLE
- BANKING BASICS, SPANISH-LANGUAGE ONLY (IMMIGRANTS)
- BANKING BASICS, FOR ANYONE
- PROTECTING YOUR CHECKING ACCOUNT
- FROM AARP FOUNDATION MONEY MANAGEMENT, CHECKLIST TO COMPARE CHECKING ACCOUNTS
- PROTECTING YOURSELF FROM OVERDRAFT AND BOUNCED-CHECK FEES (ALSO AVAILABLE IN SPANISH)
- THE FACTS ABOUT OVERDRAFTS & FEES (as of August 2010)
- MORE DETAILED BANKING INFORMATION, INCLUDES INFO ON DIRECT EXPRESS AND EBT CARDS
- QUESTIONS & ANSWERS ABOUT BANKS AND FINANCIAL SERVICES
- BANK PRODUCTS, WHAT’S INSURED & WHAT’S NOT INSURED
- FROM AARP/LIFETUNER, COMPARING SAVINGS ACCOUNTS