Financial Stability


Amount of money the average household that uses check-cashers will spend on fees in a lifetime

$230 – $980

Amount of money the average unbanked family spends on check-cashing fees each year


Percentage of Austinites that have incomes below $25,000/year


You will spend 10 times more on an auto title loan versus going to a bank or credit union for a loan

Helping you make the most of every dollar you earn

Credit scores, budgets, debt repayment, tax returns—the confusing world of finance can make your head spin, especially if no one ever taught you how to navigate it. But you work hard for your paycheck; shouldn’t you get to keep every dime you’ve earned?

Our financial stability programs, Bank On Central Texas and Learn Where You Earn, assist low-to-moderate-income employees by creating access to financial resources and financial education.


Bank On Central Texas

Bank On Central Texas is a community initiative led by UWATX to help more people find and sign up for bank accounts, by bringing together financial institutions, service providers, local government agencies and community organizations. View our online resources free for you to use.

The goal of Bank On Central Texas is to give low-income individuals access to free or low-cost bank accounts. By avoiding check cashing fees and high-interest payday loans, families are able to keep more of their hard-earned money.

Bank On Central Texas is built on the following components:
  • Creating public awareness on the importance of being “banked”
  • Creating access to financial products and services for everyone
  • Providing high-quality financial education programs through partner organizations, such as the City of Austin
  • Testing new need-based products targeted to the un- and under-banked

Learn Where You Earn

Learn Where You Earn, launched in 2012, provides financial education classes for low-income employees in their own workplace. Employees learn how to create and use budgets, manage checking accounts, access their credit score and repair credit, pay off debt and save for the future. Learn Where You Earn engages employers to care about the financial success of their employees.

Benefits for businesses:
  • An increase in worker productivity due to less distraction and stress caused by an employee’s financial worries
  • Decreased absenteeism; employees are less likely to take time off to handle personal financial emergencies
Benefits for employees:
  • Employees gain knowledge about financial topics and can better make life decisions without traveling outside of their workplace
  • Fewer bills paid late
  • Knowledge and use of automatic bill payment instead of having to use payday lenders
  • Ability to better plan for higher education and retirement
  • Access to free financial coaching to address personal financial issues
Ready to change lives?

Every day in Austin, we’re working to ensure each child has access to high-quality education, every family has the tools they need to be financially stable, and health and human services are readily available for all.

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