Low-Cost Accounts

The federal government has signed an agreement with certain financial institutions under its jurisdiction. Under this agreement, eight banks have agreed to offer low-cost accounts to consumers. This publication gives you some information about the low-cost accounts at each bank. Ask your bank for more details about these accounts.

Table of Contents

What are low-cost accounts?

What can you do with a low-cost account?

• What is a debit transaction?

Do all banks have the same low-cost accounts?

Click here for a more detailed description of the low-cost account guidelines.