BLOG: Reaching the Underbanked with The United Account
By Lori Tucker, United Bank's Chief Experience Officer
On November 1, 2021, United Bank launched a new checking account as part of the national Bank On initiative supported by the Cities for Financial Empowerment (CFE) Fund. The United Account provides a safe, affordable transactional bank account that meets the national standards outlined by the Fund.
United Account customers do not use personal checks to negotiate the funds in their account, only a debit card and electronic bill payment. Furthermore, the account is programmed to prevent most overdraft scenarios.
“Some consumers make costly mistakes with their checking accounts and overdraft service,” explains Lori Tucker, United Bank’s Chief Experience Officer. “Unfortunately, the rapid advances technology provides with debit cards and digital payment apps like Venmo® rarely let the dust settle. Few customers carry a checkbook and transaction register any longer. It’s easy to lose track of the funds you have available.”
United Bank provides free services, such as text balance notifications, mobile banking and a 24-hour automated telephone service that give customers easy access to current account information.
United Bank is pleased to offer The United Account
as a current option for customers. Visit:
accessunited.com/personal/the-united-account to learn more.