Boulder County, financial organizations create program to aid ‘underbanked’

BOULDER — Boulder County’s department of human services and community organizations are partnering with banks, credit unions, and state and federal banking regulatory agencies through a new program designed to help people open bank accounts and educate them on how to navigate the banking system.

The program, called Bank On Boulder County, was launched Monday to offer free or low-cost accounts that have no- to low-opening deposit requirements and no overdraft fees. The program urges people without a bank account, or those considered “underbanked” who may have an account but primarily use check-cashing and other alternative…