About Us
Building Pathways to Economic Inclusion
The Bank On Movement
Bank On Minnesota is proud to be part of the national Bank On movement, made up of dozens of similar local coalitions across the country.
The nonprofit Cities for Financial Empowerment Fund (CFE Fund) is the national partner for local Bank On coalitions, supporting local efforts through resources like the Bank On National Account Standards and accompanying certification, grant support to build local coalition capacity, and a robust learning community. The CFE Fund also works to give voice to local coalition experiences by informing both federal regulatory policy and financial institution practices.
Our Mission
Our members offer services and educational resources that help empower people and families to improve their financial capability, health, and independence.
Residents must have access to resources that help lay a solid foundation for banking and financial empowerment. Our coalition focuses on assisting youth, first-time job seekers and families with disabilities to access financial services.
Our Core Values
· Financial Inclusion- Ensuring everyone has access to safe, affordable, and mainstream banking services, especially the unbanked and underbanked.
· Economic Sovereignty – Advancing fair financial access by addressing systemic barriers and uplifting underserved communities.
· Collaboration- Uniting banks, community organizations, and public agencies to drive lasting change through shared goals and partnerships.
Our History
In 2024, Bank On Minnesota was founded to connect consumers to safe, affordable banking products. This initiative aims to provide individuals with better access to financial services, promoting stability and growth. Led by Financial Education of Minnesota, the program offers financial training to different populations, including underserved communities, to help them build financial literacy and make informed decisions about their money. We’ve observed that many of our clients have been relying on high-cost alternative financial services, such as payday loans or check-cashing services, which often trap them in cycles of debt. To address this, Bank On Minnesota provides access to low-cost, no-overdraft-fee bank accounts that meet national Bank On standards, ensuring that everyone has the tools they need to manage their finances more effectively and avoid unnecessary fees. Through these efforts, Bank On Minnesota is working to create a more inclusive financial system where every individual can achieve economic security.