Bank On National Data Hub: Findings from 2022

The CFE Fund and the Federal Reserve Bank of St. Louis partnered to create the  Bank On National Data (BOND) Hub, which aggregates national Bank On account activity related to account openings, usage and consistency, and online access. 

The most recent report, The Bank On National Data Hub: Findings from 2022, includes key takeaways from the 2022 data collection, including results from analyzing national Bank On account activity across three categories of metrics: Account Opening, Account Usage and Consistency, and Online Access. The report provides an interactive look at findings from 2022 data collection featuring 35 reporting financial institutions. To date, more than 17.4 million Bank On certified accounts have been opened by consumers across the county; customers have opened these accounts in 87% of US zip codes. Further, 85% of Bank On accounts opened in 2022 were opened by customers who were new to the financial institution, demonstrating that Bank On accounts are bringing new customers into financial institutions and the financial mainstream.