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Citizens rolls out overdraft-free checking accounts
Citizens rolls out overdraft-free checking accounts
Listen to this articleCitizens unveiled a new, overdraft-free checking account designed to increase banking access for underbanked and underserved communities, called Citizens EverValue Checking.
The bank also announced that its Evervalue Checking and Student Checking accounts have been officially certified by the national CFE Fund as meeting the Bank On National Account Standards, making Citizens the first institution to offer both an overall certified checking account and a certified youth and teen checking account.
Bank On National Account Standards certification indicates that an account meets more than 25 features for safe and affordable consumer transaction accounts, as designated by the Cities for Financial Empowerment Fund, that ensure low cost, high functionality and consumer safety.
“Citizens EverValue and Student Checking are the latest in a series of changes to our product suite to ensure customers have a simple, safe and transparent way to bank,” said Brendan Coughlin, Head of Consumer Banking at Citizens. “Citizens is committed to helping all customers feel more confident in their financial lives, including avoiding unnecessary fees keeping more of their money in their pocket.”
Citizens also just announced that it will roll out a new account feature in the second quarter of 2022, allowing customers to receive their direct deposits up to two days early.
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