The FDIC launched a public awareness campaign supporting financial empowerment to educate consumers about the benefits of opening a bank account to gain access to safe, low-cost financial products. The FDIC’s #GetBanked campaign will focus on the Houston and Atlanta areas, where research finds Black and Hispanic households are disproportionately unbanked.
More: The IRS encouraged unbanked consumers to open an account to receive their Economic Impact Payment and noted ICBA’s website, which offers a link to community banks that can open an online account. Community banks can get their bank listed by completing a form.
Background: This week the IRS disbursed another 2 million EIPs valued at more than $3.4 billion, for a total of 159 million payments.