Read the report: Banking on LA

Message from the Mayor

At this time of change and challenge nationwide, it is the responsibility of leaders across the United States to take bold, decisive action to ensure that our working families have the tools to weather todays storm and prepare for a brighter tomorrow. We must bring new ideas and a fresh vision to the table, and state in a clear voice: that in the richest nation in the world, the neglect of the poor and the middle class cannot stand.

To that end, we are building an infrastructure that enables local families to access vital financial services and build wealth for generations to come.

 Everyone deserves a chance to save and invest in their future safely. Why spend hundreds of your hard earned dollars at a check-cashing company when you can deposit your money for free and pay your bills at no additional cost? Today everybody can get a bank account. Even if you’ve had problems with an account in the past, have never had an account before, or don’t have a Social Security number, you can open a bank account in Los Angeles. Please join thousands of Angelinos by securing your family’s financial stability and opening a bank account now.

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And for now through tax season, please go to the following website for free tax filing and to find out if you are eligible for tax returns under EITC: www.greaterlaeitc.org

By opening a bank account, you can take an important step toward financial security. With a free or low-cost account, you can start to save for the future and establish a credit history that will help you enter the financial mainstream and achieve your dreams.		Contact one of our community or financial partners to learn about bank account options that meet your needs. The bank or credit union staff will answer all of your questions and walk you through each step of the process.		Discover free classes and services that will help you achieve financial freedom. Find information about establishing financial goals, managing a budget, getting out of debt, and many other topics.
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