The Center for Hunger-Free Communities

Solutions Based on Science and the Human Experience

“This is the typical city for you: the hot dogs, snacks, ice creams. I try to give it to them every now and then, to capture the moment. Kids want things. Kids see stuff like this and they want to run over and get snacks and ice creams. But you can’t afford it, because you’re on one income and a budget. I captured that moment, just the typical city neighborhood, and things that are costly for a single parent: ice cream trucks. I would love for my kids to have that type of stuff, but when you’re only on one income, you’ve got to limit to certain things.”


A significant segment of the American population remains either unbanked (i.e. without a checking or savings account) or underbanked (i.e. having a bank account but also relying on alternative financial services). In 2009, the Federal Deposit Insurance Corporation(FDIC) reported that one in four U.S. households are either unbanked or underbanked – representing approximately 60 million adults. Instead of performing financial transactions in the traditional banking system, the unbanked and underbanked often depend on the more costly alternative financial sector, which consists of pawnshops, payday and short-term lenders, tax preparers, check cashing establishments, and rent-to-own facilities.

Current Issue

Many families are hesitant to participate in traditional banking for fear of hidden fees and minimum balance requirements.

Bank on Philadelphia is a unique partnership with banks to provide no-fee accounts for low-income families. It is important for all community-based organizations and social services agencies to know about and refer families to these banking opportunities.


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