Why Do I Need An Account?

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Why do I need an account?

Bank accounts can be a great tool to help manage your finances. It is also a safer place to store money than a shoebox, because money is insured (up to $250,000 USD per person in each bank). Unless you have a fireproof safe to store money that has no potential to grow on its own, banks are the best place to store money. Plus, many banks offer debit cards linked to the major networks like VISA, MasterCard!

IT SAVES YOU MONEY

You now have an alternative to the expensive check-cashing services. Bank On Greater Pittsburgh has partnered with local banks and credit unions to offer free or low-cost accounts. If you have had problems with bank accounts in the past or simply never opened a bank account before, we can assist you with resources to make an informed decision to help you start or re-start a relationship with a bank or credit union.

IT'S SAFE

Without a bank account, you and your family become more vulnerable to financial loss or theft. Money deposited in a bank or credit union is protected by the full faith and credit of the U.S. government.

IT’S CONVENIENT

With a checking account, you can deposit your check and access your money for little or no cost. You can save money by paying bills with checks, on the internet, or by direct debit and avoid paying for money orders. You can use your debit card to make purchases or withdraw money from an ATM, reducing the need to carry cash. You can also track your spending and check your balance by using your monthly statements, internet banking, or using an automated phone system.

IT HELPS YOU SAVE FOR THE FUTURE

Use your account to save money for emergency expenses like car trouble, unexpected medical bills or job loss. Deposit your money and start saving for a home, your child’s education, or starting a business.

How do I Open an account?

Bank accounts can be a great tool to help manage your finances. It is also a safer place to store money than a shoebox, because money is insured.

Contact Us

We would love to hear from you! If you have questions on becoming a partner, opening an account or would like to offer feedback on the Bank On Greater Pittsburgh initiative, please let us know. We will respond to your request within 48 hours.