From 6f6af284bc4756e7ebc0b656973c92cef6d10261 Mon Sep 17 00:00:00 2001 From: Kegan Maher Date: Thu, 2 May 2024 15:51:39 -0700 Subject: [PATCH] fix(resource): update link from BankOn to min account reqs --- .../fact-sheet-enhancing-transit-experience-with-bankon.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/src/_resources/fact-sheet-enhancing-transit-experience-with-bankon.md b/src/_resources/fact-sheet-enhancing-transit-experience-with-bankon.md index 4e94d8a2..09a5ff5e 100644 --- a/src/_resources/fact-sheet-enhancing-transit-experience-with-bankon.md +++ b/src/_resources/fact-sheet-enhancing-transit-experience-with-bankon.md @@ -12,7 +12,7 @@ The California Integrated Travel Project (Cal-ITP), in its continuous effort to [Bank On](https://jionbankon.org/) is an initiative by the [Cities for Financial Empowerment Fund](https://cfefund.org/) that supports efforts to connect consumers to **safe and affordable banking accounts**. Bank On has developed [model account standards](https://bankon.wpenginepowered.com/wp-content/uploads/2022/08/Bank-On-National-Account-Standards-2023-2024.pdf) for low-fee banking accounts and, when banks and credit unions meet these standards, are certified as Bank On accounts. There are currently over [400 certified accounts available with 46,000 branches nationwide](https://joinbankon.org/accounts/). Recognizing that approximately 1 in 4 people in California are unbanked or underbanked, Bank On works to bridge the gap, especially for communities disproportionately affected. Namely, [Bank On standards](https://bankon.wpenginepowered.com/wp-content/uploads/2022/08/Bank-On-National-Account-Standards-2023-2024.pdf) tackle a lot of the issues that hinder access to the financial system for unbanked and underbanked populations, including high fees and tedious account opening requirements. -Transit agencies play a pivotal role in the daily lives of many, especially lower-income individuals. With the introduction of contactless open-loop payment acceptance by Cal-ITP, there's an opportunity to consider financial inclusion initiatives like Bank On. By doing so, transit agencies can ensure that even those who have traditionally been left out of the mainstream financial system can benefit from the convenience and security of contactless payments. For more information on other features of accessible banking visit our [Minimum Account Requirements for Transit Riders](https://www.calitp.org/assets/Cal-ITP%20Minimum%20Account%20Requirements%20for%20Transit%20Riders.pdf) memo. +Transit agencies play a pivotal role in the daily lives of many, especially lower-income individuals. With the introduction of contactless open-loop payment acceptance by Cal-ITP, there's an opportunity to consider financial inclusion initiatives like Bank On. By doing so, transit agencies can ensure that even those who have traditionally been left out of the mainstream financial system can benefit from the convenience and security of contactless payments. For more information on other features of accessible banking visit our [Minimum Account Requirements for Transit Riders](https://www.calitp.org/resources/fact-sheet-minimum-account-requirements-for-transit-riders) memo. ## What are the benefits of Bank On Accounts for Transit Agencies?