About Bank On Memphis

Currently there are approximately 100,000 households in Shelby County who are economically vulnerable and without access to banking services. Those who do not use main stream bank accounts and other safe, affordable financial services often live paycheck to paycheck —and precariously close to a serious financial crisis. Bank On Memphis is a public-private partnership between the Shelby County Trustee, financial institutions and nonprofits to encourage the unbanked to establish an account at a mainstream bank or credit union. The program is designed to help the unbanked households in Memphis and Shelby County by creating financial relationships that will protect their money and assist them as they walk toward a stronger financial future. Bank On Memphis is a network of local banks, credit unions and public service organizations interested in helping people manage their money and in giving them the financial power to be successful in their homes as well as their community.

​Bank On Memphis Goals Include:

• To promote efforts to help 18-to-34 years olds establish relationships with banks and credit unions.
• To reduce the number of unbanked households in Shelby County.
• To accept customers who have had accounts closed for reasons other than fraud by giving them a second chance and a referral to a Bank On Memphis financial education partner.
• To make education on money management available to ALL Shelby County residents.