Popular Bank’s Easy Access Verification Receives Certification from Banking Advocates as a Safe and Affordable Account

NEW YORK–(COMMERCIAL THREAD) – Popular Bank, a subsidiary of Popular, Inc. (NASDAQ: BPOP) announced that its Popular Easy Access Checking service has been officially certified by the national nonprofit Cities for Financial Empowerment Fund (CFE Fund) as meeting Bank On National Account standards (2021 – 2022). Bank On Certified Accounts, created by the CFE Fund, promote financial inclusion for underbanked and unbanked consumers through standard account features that ensure low cost while providing robust transaction capabilities.

The main features of Popular Easy Access Checking include a low monthly cost (ranging from $ 3 to $ 5), low minimum opening deposit requirements, no low balance fees, and the ability to pay bills and make deposits. purchases. Launched in Florida on November 20 and New Jersey on December 4, Easy Access Checking will launch in New York City on January 15, 2022, allowing consumers to open an account at any of Popular Bank’s 39 branches.

“The mission of financial inclusion and equal access to banking services aligns closely with the core values ​​of our organization,” said Manuel Chinea, COO of Popular Bank. “Since our creation nearly 130 years ago, we have been committed to being there for our communities and as a minority depository institution, we are fully aware of the disparities in access to financial services. Our Bank On certification is another step to help reduce these disparities.

Bank On’s goal is to ensure that everyone has access to safe and affordable financial products and services. The Bank On National Account standards identify essential product characteristics for appropriate bank or credit union accounts, making it easier for local coalitions across the country to connect consumers to accounts that meet their needs.

“The Cities for Financial Empowerment Fund is delighted to award its national Bank On Account certification to Popular Bank’s Easy Access Checking,” said Jonathan Mintz, President and CEO of the Cities for Financial Empowerment Fund. “Popular Easy Access Checking provides South Florida and Metro New York residents looking to improve their finances with a secure, affordable, and truly useful consumer banking product. Popular Bank’s offering of this great account puts them at the forefront of national banking access efforts, and we thank them.

Data collected by the CFE Fund in partnership with the Federal Reserve Bank of St. Louis shows that Bank On certified accounts meet the needs of consumers. About 85% of these accounts are opened by novice consumers at financial institutions.

Popular Bank is an FDIC-insured Minority Depository Institution (MDI) committed to investing in communities by improving access to financial services. Learn more about Popular Easy Access Checking at popularbank.com.

About the Banque Populaire

Popular Bank is the mainland subsidiary of Popular, Inc. (Nasdaq: BPOP), which ranks among the top 50 U.S. banks by assets. Popular, Inc. brings more than 127 years of successful banking industry driven by integrity and values. Popular Bank leverages its financial expertise to allow customers to focus on what matters most. Leveraging its institutional depth, Popular Bank works side-by-side with businesses and individuals by delivering competitive business and retail offerings including retail and private banking, commercial lending, mortgage services, corporate lending. associations, health care financing and middle market banking. Popular Bank has branches in New York, New Jersey and Florida, and provides 24/7 digital banking solutions and access to 55,000 ATMs through the Allpoint network.1

To learn more, visit PopularBank.com or call 1-800-377-0800. To learn more about Popular Bank’s commitment to community service, visit PopularBank.com/About-us/.

1Popular Bank and its affiliates are not affiliated with ATM National, LLC. Allpoint is a registered trademark of ATM National, LLC.

About the Cities for Financial Empowerment Fund (CFE Fund)

The CFE Fund supports municipal efforts to improve household financial stability by taking advantage of opportunities unique to local government. By translating cutting-edge experience with large-scale programs, research and policies in cities of all sizes, the CFE Fund helps mayors and other local leaders identify, develop, fund, implement and research pilots and programs that help families build assets and make the most of their financial resources. The CFE Fund currently works in more than 100 cities and counties and has provided more than $ 55 million to local governments and their partners to support these efforts. For more information, please visit www.cfefund.org or follow us on Twitter at @CFEFund.

About the bank on

Bank On coalitions are locally led partnerships between local public officials; municipal, state and federal government agencies; financial institutions; and community organizations that work together to help improve the financial stability of unbanked and underbanked individuals and families in their communities. The National Bank On initiative builds on a grassroots movement of more than 90 coalitions in cities across the country, providing national account standards, capacity grant support, pilot funding and a learning community. In addition to connecting the unbanked to accounts, Bank On programs raise awareness, target the awareness of the unbanked, and expand access to financial education. Visit www.cfefund.org/bankon for more information, or follow the conversation on Twitter @CFEFund #BankOn.

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