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Appleseed is spearheading a landmark program to bring Mexican and Latin American immigrants into this country’s mainstream financial system, helping them to avoid predatory and other high-cost financial services, and enabling them to save, access credit and build wealth.
Immigrants without bank accounts are at a double disadvantage. Approximately two-thirds cash their paychecks in check-cashing stores that charge high fees. Furthermore, without a bank account they are restricted in their ability to build assets and credit histories that would allow them to buy a home, start a business or pursue an education.
Links to our Financial Access reports and toolkits can be found below.
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