Bank On Memphis is a public-private partnership between the City of Memphis, Shelby County government, financial institutions and nonprofits to encourage the unbanked to establish an account at a mainstream financial institution.
Bank on Memphis Involves Three Major Elements
ENGAGE: Connect the 118,000 households unbanked and under-banked in Shelby County with affordable and safe checking accounts.
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EDUCATE: Provide multi-generational outreach and financial literacy efforts through community based organizations to promote banking and sound financial management.
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EXPAND: Increase opportunities for asset building and introduce customers to additional products and services.
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