DCWP - Consumers - Manage Money - Open Savings Account

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Open an Account

Get Free Financial Counseling

File Your Taxes

Get Tax Credit Information

Open an Account


Open an Account

Why You Should Open an Account

There are several reasons to open an account. It keeps your money secure and can save you money from check cashing and money wire transfer businesses. It can help you take advantage of tools to manage your money and monitor your spending. And if you are eligible for an IRS tax refund, you can get the payment faster with direct deposit.

If you need help understanding your options or opening an account, speak with an NYC Financial Empowerment Center counselor for free.

Jump to secton to learn more about:
NYC SafeStart Account
Participating NYC SafeStart Account Partners
Additional Banking Options: IDNYC and BankOn Partners
Additional Resources

NYC SafeStart Account

The NYC SafeStart Account is a savings account for all New Yorkers. Features:

NO overdraft fees

NO monthly fees, provided minimum balances are met

LOW minimum balance requirements ($25 or less)

ATM card (No debit card)

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Participating NYC SafeStart Account Partners

Important:

You can open an NYC SafeStart Account at participating bank and credit union branches.

These banks also offer other basic accounts that you can apply online to open. However, these accounts may not have all the features of an NYC SafeStart Account.

NYC SafeStart Account Partners
Website
Telephone

Carver Federal Savings Bank
carverbank.com
718-230-2900

Lower East Side People’s Federal Credit Union
lespeoples.org
212-529-8197

Neighborhood Trust Federal Credit Union
neighborhoodtrustfcu.org
212-740-0900

Popular
popularbank.com
800-377-0800

Ridgewood Savings Bank
ridgewoodbank.com
718-240-4778

Spring Bank
spring.bank
718-879-5000

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Additional Banking Options: IDNYC and BankOn Partners

You can also open an account at an institution that accepts IDNYC as a primary form of ID, or opt for a BankOn-certified account with online opening features.

Visit on.nyc.gov/idnycbanks for a list of IDNYC banks and credit unions offering accounts.

Visit covidbanking.joinbankon.org for information about opening an account online that is BankOn-certified.

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Additional Resources

Learn more about our Do More With Your Money Tip Sheets including:
Open a Checking Account | Understand Prepaid Cards | Consider a 529 Plan

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