Why Bank On Manhattan?

An estimated 95,000 Manhattan households don't have bank accounts. In some neighborhoods, like Inwood/Washington Heights, 46% of the households don't have bank accounts. Unbanked Manhattan residents turn to check-cashing establishments, spending hundreds of dollars a year just to cash their checks and pay their bills.

Not only is a bank account less expensive, it is also a necessary first step to climb the economic ladder. With no safe way to access and save money, the unbanked are particularly vulnerable in times of crisis or emergency, and lack the necessary tools to save and build assets.