FDIC: Financial Integration

A father teaching his son about economics

A path to building financial stability

The idea of ​​financial inclusion provides opportunities for access to secure and affordable insured bank accounts for all individuals and paves the way for savings, asset creation and maintaining financial stability. Effective financial education helps people gain the skills and confidence needed to maintain a banking relationship, achieve financial goals and improve financial well-being. The account balance is fundamental to participating in the banking system. With a banking relationship, consumers can create savings and create a path to getting credit to achieve their goals, such as getting a home or starting a business. No matter where you are on the road to financial stability, the FDIC provides ways to support your financial progress.

Financial Education

Financial education is at the heart of economic integration. Understanding financial terms, banking, deposit insurance, interest and other commissions will help you gain the skills and confidence needed to maintain a banking relationship, achieve financial goals and improve your financial well-being. Through FDIC Money Smart, FDIC offers free, copyright-free and high-quality financial education resources for banks, individuals of all ages and small businesses. Visit Money Smart for more information. We also provide a number of resources through the Consumer Resource Center and the monthly FDIC Consumer News.

Insured Deposits

FDIC insurance protects depositors of insured banks located in the United States from losing their deposits to the insurance threshold in the event of bankruptcy of an insured bank. Secured bank accounts give you the opportunity to make financial transactions and save money on emergencies and long-term security needs, while developing a banking relationship that can offer a way to get credit and loans when you need them. Participation in the banking system also provides you with the protections of a regulated banking system. Many banks offer low commission and no overdraft or underfunded (NSF) accounts, such as Bank On certified accounts. These accounts and others may also provide additional services free of charge, such as ATM withdrawals and branches. Find out more about these low-cost bank accounts at #GetBanked.

Consumer’s faith

Banks can help you meet your credit needs through a wide range of approaches, from promoting the importance of creating a credit history and offering loans to build credit or other tools, to integrating a wide range of forecasting data into sponsorship and working with local consumer education communities. Banks may find that adding affordable entry-level credit products or a credit-generating product makes it easier to meet a community’s different needs more effectively.

The FDIC supports local efforts to integrate additional populations into the financial stream through the Alliances for Economic Integration and other broad-based coalitions of financial institutions. These local initiatives focus on expanding the scope of key retail financial services, including savings accounts, remittance products, small dollar loan programs, targeted financial education programs, alternative delivery channels, and other content creation programs.

Housing credit

The FDIC Affordable Mortgage Lending Center provides resources for potential homeowners, including a description of a variety of loan products and other housing information. State, regional and national program resources are also available.

By connecting banks and communities in new ways and raising awareness and access to affordable banking services, including affordable mortgages, the FDIC is working to strengthen the banking system and communities across the country.

Small business

The Money Smart for Small Business (MSSB) was developed jointly with the US Small Business Administration (SBA) and is a free training resource to help entrepreneurs become bankers. The FDIC has a long history of supporting small business development by acting as a reliable resource, facilitator and liaison.

With access to secure and affordable secured bank accounts, financial education resources, affordable credit and loan options, you are on your way to financial stability.

Additional resources

How Banking Research America

How smart are you in money?


Advisory Committee on Economic Integration (ComE-IN)

US Small Business Administration

For more consumer resources, visit FDIC.gov or go to the FDIC Knowledge Center. You can also call the FDIC toll free at 1-877-ASK-FDIC (1-877-275-3342). Send your story ideas or comments to [email protected]

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