Commitment to Action

Keeping Unbanked Employees Away From Check Cashers

Commitment by

Banking Up

In 2014, Banking Up committed to build an online portal that allows unbanked and underbanked employees to compare and choose a safe alternative to check cashers by self-enrolling in a General Purpose Reloadable (GPR) prepaid card. This portal will regroup multiple card issuers, provide related materials to employees and employers, and give employees a fast, convenient, and low-cost way to access their wages. The partners will provide a choice of prepaid cards that fit the needs of many unbanked and underbanked employees and allow employers to provide additional benefits to their employees at no cost, while ensuring convenience for their payrolls.

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Overview
Summary

Commitment

Keeping Unbanked Employees Away From Check Cashers

Launched

2014

Est. Duration

4 years

Estimated Total Value

$500,000

Region

Northern America

Countries

United States

Commitment by

Banking Up

Partner(s) of the Commitment Maker(s)

University of North Carolina at Chapel Hill, Cafe con Leche Media, Reinvestment Partners