About Us

Bank On Miami’s Mission is to enhance the economic mobility of Miami-Dade County residents through supporting increased access to safe, affordable financial products and services that help individuals build their financial futures.

Bank On Miami is a collaborative effort between Branches, Miami-Dade County, financial institutions and other government entities and non-profits. Bank On was originally launched in 2006 in San Francisco as a pilot program to help unbanked households access financial services. The Obama Administration expanded it nationally in 2010, announcing the creation of Bank On USA. In 2015, as an initiative of Miami-Dade County Commission Chairman Jean Monestime’s Council for Prosperity Initiatives, Bank On Miami was formed to help improve the financial stability of low- to moderate-income families across our community.

Facts

Miami-Dade County has one of the highest income inequality gaps in America and is home to tens of  thousands of unbanked and underbanked households who frequently use expensive, unnecessary and sometimes predatory financial services such as check cashing stores.

Bank On Miami has partnered with many different institutions to offer safe and affordable financial products and services, as well as high-quality financial education.

Without a bank account, the average person will spend anywhere from 2.5% to 10% of their income at check cashing stores each year.