By Hayley Robb, Building Kentucky
Republic Bank & Trust Company announced today its new Simple Access checking account was officially certified by the national Cities for Financial Empowerment Fund (CFE Fund) as meeting the Bank On National Account Standards (2021 – 2022). The national safe account Standards, co-created by consumer advocates, leading national nonprofit organizations, civic leaders, and other financial institutions, designate core and strongly recommended features that ensure low cost, high functionality, and consumer safety.
“The Cities for Financial Empowerment Fund is delighted to award its national Bank On account certification to Republic Bank’s Simple Access Account,” said Jonathan Mintz, President and Chief Executive Officer of the Cities for Financial Empowerment Fund. “Republic Bank’s offering of this terrific account brings them into the forefront of national banking access efforts, and we thank them.”
The Simple Access account features no minimum balance, no overdraft or nonsufficient fund fees, and a Mastercard™ debit card and access to more than 90,000 fee-free ATMs.
Customers can apply for the account at any Republic banking center, online or on mobile in as little as 10 minutes. Through the Bank’s free mobile and online banking platforms clients can view their account balance and monthly statements, pay bills, make mobile check deposits, and find the nearest fee-free ATM.
In addition, Simple Access clients may be able to access funds from their direct deposits up to two business days sooner with Early Direct Deposit (ACH) Access.
“We appreciate the work the CFE Fund is doing and their certification of our new Simple Access checking account as meeting Bank On standards,” said Logan Pichel, President and CEO of Republic Bank. “Through its past leadership in Bank On programs Republic Bank has always been focused on providing our communities increased access to the financial resources and the support they need to thrive.”
Customers can find more details about the new Simple Access checking account at www.RepublicBank.com/simple.