*The COVID-19 pandemic greatly increases the importance of a safe and affordable mainstream bank or credit union account for managing your money remotely, including to receive wages and government benefits securely through direct deposit and make payments remotely.
Banks and credit unions both offer checking and savings accounts, loans, credit cards and other products that can help you manage your finances. The Kentucky Department of Financial Institutions (DFI) works to protect you by examining state-chartered banks and credit unions to ensure they are safe and sound.
- Directly and Safely Deposit Funds Remotely: With a bank or credit union account, you can feel safe keeping your hard-earned money in a secure, federally-insured deposit account while continuing to remotely receive paychecks and other income, such as benefits, remotely by direct deposit.
- With a bank or credit union account, you can have your stimulus check direct deposited into your account; you will receive it faster and not have to pay a fee or leave your home to cash it.
- Pay Bills Remotely: You can pay bills remotely using free online banking services, while accessing tools for budgeting and financial management.
- Avoid Surprise Fees: If you are dealing with the financial impact of the virus, it’s more important than ever that accounts do not have surprise fees – especially for overdraft, insufficient funds, and inactivity – so you can feel confident that you are in control of your money.
Local Bank On Louisville Partners
The following banks and credit unions are partners in the Bank On Louisville effort. These are partners that offer safe and affordable financial services. If you need to open a bank account, please use this list of trusted partners!
Autotruck Financial Credit Union
* Old National Bank
first Financial Bank
* Chase Bank
Class Act Federal Credit Union
Jefferson County Federal Credit Union
L&N Federal Credit Union
Park Community Credit Union
* US Bank
Woodforest National Bank
In addition, these other safe and affordable accounts are certified as meeting the Bank On National Account Standards that can be opened online:
- Bank of America, Advantage SafeBalance Banking Account
- BB&T now Truist, MoneyAccount
- Chase, Secure Banking Account
- Citi, Access Account
- Dollar Bank, No Overdraft Checking Account
- First Commonwealth Bank, SmartPay Card
- KeyBank, Hassle-Free Account
- Northwest Bank, Compass Digital Account
- U.S. Bank, Safe Debit Account
- Wells Fargo, EasyPay Card
To open an account, you may need one or more of the following on hand:
- Social Security Number or ITIN number
- State-issued identification, like your Driver’s License
- Country-issued identification card
- Mailing address
- Date of Birth
NOTE: Each financial institution has its own procedure for account opening. While the 10 accounts listed above can be opened online, other banks and credit unions may require you to verify your identification or make your initial deposit in-person at a branch.