With one in five in Illinois banking in a “non traditional” way the state wants to make it easier for them to bank in a more traditional manner. 

State leaders say they are the first in the nation to sign legislation to expand access to credible banking services with “Illinois Bank On”. Comptroller Susana Mendoza says the new program will be a little like a better business bureau for unbanked customers. 

For an example the unbanked cash checks at convenience stores, and use payday loan operations. According to statistics shared by the Governor’s office, a full time worker who doesn’t use a traditional bank faces $40,000 in lifetime fees. To find a safe bank there will be a list of credible banks on the Comptrollers website.