Business
Popular Bank’s Easy Access Checking Receives Certification by Banking Advocates as a Safe, Affordable Account
Popular Easy Access Checking has been certified as meeting the Bank On National Account Standards for safe and affordable consumer transaction accounts as
About this update from Popular, Inc.
[{"type":"text","content":"\nPopular Easy Access Checking has been certified as meeting the Bank On National Account Standards for safe and affordable consumer transaction accounts as defined by the Cities for Financial Empowerment Fund.\n\n NEW YORK--(BUSINESS WIRE)--\nPopular Bank, a subsidiary of Popular, Inc. (NASDAQ: BPOP) announced that its consumer Popular Easy Access Checking was officially certified by the national nonprofit Cities for Financial Empowerment Fund (CFE Fund) as meeting the Bank On National Account Standards (2021 - 2022). Bank On-certified accounts, created by the CFE Fund, promote financial inclusion for the underbanked and unbanked consumers through standard account features that ensure low cost while offering robust transaction capabilities.\n\nKey features of Popular Easy Access Checking include a low monthly cost (ranging from $3 to $5), low minimum opening deposit requirements, no low balance fees, and the ability to pay bills and make purchases. Launched in Florida on November 20 and in New Jersey on December 4, Easy Access Checking will launch in New York on January 15, 2022, thus allowing consumers the ability to open the account at any of the 39 Popular Bank branches.\n\n“The mission of financial inclusion and equal access to banking services closely aligns with the core values of our organization,” said Manuel Chinea, Chief Operating Officer at Popular Bank. “Since our inception nearly 130 years ago, we have been committed to being there for our communities and as a Minority Depository Institution we are keenly aware of the disparities in access to financial services. Our Bank On certification is another step to help reduce those disparities.”\n\nThe goal of Bank On is to ensure that everyone has access to safe and affordable financial products and services. The Bank On National Account Standards identify critical product features for appropriate bank or credit union accounts, making it easier for local coalitions across the country to connect consumers to accounts that meet their needs.\n\n“The Cities for Financial Empowerment Fund is delighted to award its national Bank On account certification to Popular Bank’s Easy Access Checking,” said Jonathan Mintz, President and Chief Executive Officer of the Cities for Financial Empowerment Fund. “Popular Easy Access Checking offers residents in South Florida and the New York M...