Bank On Houston

An offshoot of the Bank On America program, Bank On Houston started when the City of Houston became the first city in Texas to sign up in May 2008. With an estimated 10 percent of the city unbanked, Bank on Houston is a collaborative effort that offers low-cost starter checking accounts to the unbanked, helping them begin the process of wealth and asset building. Setting a goal of 10,000 new checking accounts for the year of 2009, the effort surpassed that number in just three months. By June 2010, 40,000 had signed up.