Photo: PNC Bank
Large banks are investing in financial literacy and making their services more accessible. In January 2022, PNC Bank launched its Community Benefits Plan, an $88 billion investment in loans and financial resources for those with low to moderate income. Phoenix, Arizona, is the seventh market where PNC Bank has added banks on wheels. Other cities include Chicago, Baltimore and Houston. The Foundation for Senior Living’s (FSL) Village on Roeser began hosting the banks on wheels in December, and the Society of St. Vincent de Paul began hosting in January. FSL’s Director of Development Amy O’Sullivan said residents are pleased with the friendly staff and the fact that they can withdraw as little as a dollar. “For some people, pulling out $20 can be a lot of money, so having the opportunity to pull out $1 or $5 and not feel as if they’re draining their bank account is a really big deal,” she said.
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