Bank On Tulsa is part of a national initiative that strives to connect unbanked and underbanked residents in our communities to safe and affordable bank accounts to improve the financial stability. Studies show that an unbanked person could spend as much as $40,000 on check-cashing services over their lifetime. Increasing access to banking helps residents avoid expensive alternative financial services and get on a path to increased savings and financial empowerment.
Bank On certified bank accounts have no overdraft fees and have free online banking and free in-network ATM access. All Bank On certified accounts meet the Cities for Financial Empowerment Fund National Account Standards. See below for a list of local Bank On certified accounts.
Bank On Tulsa is coordinated by Tulsa’s Office of Financial Empowerment and Community Wealth (OFE). For more information about Bank On Tulsa, please contact Joshua Ganye, OFE Program Assistant, at [email protected]
Bank On Tulsa coalition partners also provide financial literacy workshops throughout the year. If your organization would like to host a financial literacy workshop, please contact the Office of Financial Empowerment.
Bank On Tulsa has certified 13 accounts that all meet Bank On National Account Standards. Below is a list of local financial institutions and the names of their Bank On certified accounts.
For more information on Bank On National Account Standards click here.
Ally Bank – Interest Checking
Arvest Bank – Arvest Bright Solutions Banking
BancFirst – E-Connect Account
Bank of America – Advantage SafeBalance Checking Account
Bank of Oklahoma – Opportunity Banking
Chase – Secure Banking Account
Commerce Bank – Velocity Pay Prepaid Debit Card
Discover Bank – Cashback Debit Checking Account
First Fidelity Bank – Freedom Checking
Gateway First Bank – Gateway Checking
Security Bank – Security E-Checking Account
Simmons Bank – Affordable Advantage Checking Account
Tinker Federal Credit Union – Everyday Spending
Bank On Tulsa Certified Accounts | |||||||||||||
Bank Name | Ally Bank | Arvest Bank | BancFirst | Bank of America | Bank of Oklahoma | Chase | Commerce Bank | Discover Bank | First Fidelity Bank | Gateway First Bank | Security Bank | Simmons Bank | Tinker Federal Credit Union |
Bank On Certified Account Name | Interest Checking | Arvest Bright Solutions Banking | E-Connect Account | Advantage SafeBalance Checking Account | Opportunity Banking | Secure Banking Account | Velocity Pay Prepaid Debit Card | Cashback Debit Checking Account | Freedom Checking | Gateway Checking | Security E-Checking Account | Affordable Advantage Checking Account | Everyday Spending |
Terms, Fees, and Account Features | |||||||||||||
Overdrafts and Insufficient Funds | NONE | NONE | NONE | NONE | NONE | NONE | NONE | NONE | NONE | NONE | NONE | NONE | NONE |
Monthly Fee | NONE | $5 with E-Statements $7 with Paper Statements | $2.50 | $4.95 | $5 | $4.95 | $5 Waived with 15 Debit Transactions | NONE | $5 | NONE | NONE | $5 | NONE |
Online Account Opening | Online Only | Yes | Yes | Yes | Yes | Yes | Online Only | YES | Yes | Yes | Yes | No | Yes |
Minimum Opening Deposit | $0 | $25 | $25 | $25 | $25 | $0 | $0 | $0 | $25 | $25 | $25 | $25 | $10 or Direct Deposit |
Money Orders/Cashiers Check | Cashiers Checks $0 | $8 Cashiers Check $3 Money Orders | Free Money Orders | $15/Cashiers Check | $3 Cashiers Check | $0 Money Order and Cashiers Check | Four Free Money Orders Per Month | Free Checks | Free Checks with Bill Pay | $5 Cashiers Checks | $3 Money Orders & Cashiers Checks | $6 Cashiers Checks | $1 Money Orders / $3 Cashiers Checks |
Pay Bills | Free Online Bill Pay | Free Online Bill Pay | Free Online Bill Pay | Free Online Bill Pay | Free Online Bill Pay | Free Online Bill Pay | Pay Bills With Velocity Card | Free Online Bill Pay | Free Online Bill Pay | Free Online Bill Pay | Free Online Bill Pay | Free Online Bill Pay | Free Online Bill Pay |