Well, being completely homeless as in pushing a shopping cart is still not going to qualify someone for a bank account, but many people live just a stage or two above the shopping cart level. This new program is an innovative and progressive move to give a helping hand to San Francisco's near-homeless and very-low-income citizens.
Bank on San Francisco is a joint effort of Mayor Gavin Newsom, Treasurer José Cisneros, and the Federal Reserve Bank of San Francisco. San Francisco is the first city in the nation to develop a program of this kind to help everyone to enter the financial mainstream and start saving for the future. For some that future might simply mean putting enough money aside to get off the streets, out of the Tenderloin, buy some clothes, start eating better, get help for drug or alcohol abuse, and hopefully transition to a more productive life.
San Francisco is the first city in the nation
to develop a program of this kind
to develop a program of this kind
According to Bank on San Francisco, the goal is to bring 10,000 of the estimated 50,000 "unbanked" households in San Francisco into the financial mainstream by helping them to open a low-cost, starter bank account. To accomplish this goal, Bank on San Francisco turned to the City's banks to help remove the barriers that many people face in opening a bank account.
For more information please call
Bank on San Francisco
at
or e-mail them at
Bank on San Francisco
at
or e-mail them at