#CalAccount
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sylviachi.bsky.social
Californians, help us make CalAccount a reality! A zero-fee, zero-minimum balance public option for basic financial transactions, including direct deposit and bill pay, studied and found to be feasible by the RAND Corporation!

www.calaccount.com
January 31, 2026 at 1:49 AM
banditelli.org
In the middle of the fucking chaos and despair of national politics, we're building a movement for a fee-free public banking platform in California, and there's nothing the big banks can do to stop us! A day late to this post.
Statement from the California State treasurer: Today, the CalAccount Blue Ribbon Commission heard the formal presentation of RAN D's feasibility study. In summary, a CalAccount program is, indeed, feasible. We also received a massive outpouring of public support for implementing a CalAccount program, which mirrors feedback collected from throughout the state during the last six months. As chair of the Commission, I was moved by personal stories of struggle and perseverance. We know from data and reports that those who lack access to traditional banking services need protection from predatory, discriminatory, and costly alternatives. And that individuals with low or fluctuating income stand to benefit from a free, no-fee, federally insured banking option. But hearing over-and-over again these real and raw, first-hand experiences make it clear as day that the time is now for a CalAccount program and that this simple program could make a lasting impact in helping Californians build weal
July 19, 2024 at 4:16 PM
sylviachi.bsky.social
We're making this happen in California with CalAccount: www.calaccount.com @capublicbanking.bsky.social @seiu.org
March 25, 2025 at 6:38 PM
capublicbanking.bsky.social
🚨BREAKING: California State Budget includes $1M for CalAccount! The Legislature will move forward with implementing a first-in-the-nation fee-free public banking option for millions of unbanked & underbanked Californians.

seiuca.org/press-releas...
July 2, 2025 at 8:07 PM
sylviachi.bsky.social
We're making CalAccount, a public banking option, a reality in California. @capublicbanking.bsky.social

Join us and learn more here: www.calaccount.com
March 11, 2025 at 9:03 PM
cafastfoodunion.org
Today Sandra testified that CalAccount will provide Californians like her with access to a no-cost, penalty-free bank account.

#AB1365 #YesOnAB1365 #caleg
April 22, 2025 at 12:53 AM
capublicbanking.bsky.social
A second win for CalAccount! Too many Californians are unbanked or hit with fees just to access their own money. Today’s Assembly Labor Committee vote brings us closer to making #CalAccount real—a no-fee, no-penalty public banking option that levels the playing field.
April 24, 2025 at 12:36 AM
sylviachi.bsky.social
With the CFPB under full attack at the federal level, all the more reason we need CalAccount, the public option for fee-free, DOGE-free, basic banking services for all Californians. www.calaccount.com
February 14, 2025 at 2:04 AM
hipstersasquatch.bsky.social
www.calaccount.com
A public banking option.
July 3, 2025 at 2:07 AM
publicbankla.bsky.social
Signal boost to save CalAccount!
capublicbanking.bsky.social California Public Banking Alliance @capublicbanking.bsky.social · Jun 19
URGENT: Tell Gov. Newsom + Senate Budget Leaders to fund CalAccount—CA’s zero-fee public banking option.

Families lose $4.5B/yr to junk fees. That money should go to rent, food, bills—not bank profits. Take action now: capublicbanking.com/send-a-lette...
June 19, 2025 at 5:41 PM
capublicbanking.bsky.social
Big win today! AB 1365 passed the Assembly Banking Committee, bringing us closer to #CalAccount, a no-cost, penalty-free bank account for all Californians. With 1 in 6 households unbanked or underbanked, this is a major step toward financial justice.
April 22, 2025 at 3:12 AM
gutterchirping.bsky.social
Creating a public bank of California can be done by expanding Calaccount over time
April 10, 2025 at 3:24 AM
trinitytran.bsky.social
California just approved $1M in funding to keep #CalAccount moving forward, bringing no-fee, state-backed accounts to millions sidelined by the financial system! No overdraft fees or junk charges. Just real access for working families.
July 3, 2025 at 6:35 PM
cafastfoodunion.org
IT'S HAPPENING: The California Assembly Labor Committee has PASSED #AB1365, bringing us one step closer to making CalAccount a reality.

This comes after Monday's passage out of the Assembly Committee on Banking and Finance
bsky.app/profile/cafa...
April 23, 2025 at 11:37 PM
cafastfoodunion.org
IT’S OFFICIAL: A state-backed, no-fee, no-penalty account—is up for consideration in the California state legislature.

Read the @rooseveltinstitute.org ’s latest report on how the CA Treasurer’s CalAccount program could transform financial access in California. #AB1365 #CALeg
bit.ly/43CbS2B
Eliminating Barriers to Bank Accounts: How CalAccount Can Ensure Financial Inclusion and Serve as a Model for Public Banking - Roosevelt Institute
In a new analysis, Sarah Stoller and Raúl Chávez shed light on the multitude of barriers to financial system access in the case study of California through surveys and focus discussions while also ana...
bit.ly
March 12, 2025 at 4:30 PM
rooseveltinstitute.org
The banking system is broken. Millions are unbanked, hit with unfair fees, or shut out entirely.

California’s #CalAccount could change that—offering no-fee, no-penalty accounts for ALL residents. rooseveltinstitute.org/publications...
Eliminating Barriers to Bank Accounts: How CalAccount Can Ensure Financial Inclusion and Serve as a Model for Public Banking - Roosevelt Institute
In a new analysis, Sarah Stoller and Raúl Chávez shed light on the multitude of barriers to financial system access in the case study of California through surveys and focus discussions while also ana...
rooseveltinstitute.org
March 20, 2025 at 7:17 PM
socio-steve.bsky.social
I oversaw some relevant research on this at @rooseveltinstitute.org last year.

rooseveltinstitute.org/publications...
Eliminating Barriers to Bank Accounts: How CalAccount Can Ensure Financial Inclusion and Serve as a Model for Public Banking - Roosevelt Institute
In a new analysis, Sarah Stoller and Raúl Chávez shed light on the multitude of barriers to financial system access in the case study of California through surveys and focus discussions while also ana...
rooseveltinstitute.org
September 10, 2026 at 12:41 PM
capublicbanking.bsky.social
URGENT: Tell Gov. Newsom + Senate Budget Leaders to fund CalAccount—CA’s zero-fee public banking option.

Families lose $4.5B/yr to junk fees. That money should go to rent, food, bills—not bank profits. Take action now: capublicbanking.com/send-a-lette...
June 19, 2025 at 5:02 PM
cafastfoodunion.org
CalAccount would be the nation’s first state-backed fee- and penalty-free basic banking program that would be available to all.

CalAccount would save Californians overdraft fees, account maintenance fees, ATM fees, money order fees, and check cashing fees. #AB1365 #CALeg
quote of Sandra Jauregui “I’m going to keep fighting for a fair paycheck, that puts me in a situation where these fees won’t be so harmful for me and my family, but until then – for everyone else going through what I’m going through now - the amount CalAccount would save my family will make a big difference.”
April 23, 2025 at 11:37 PM
dagnificent.bsky.social
!!!!!
In 2021, Gov. Newsom signed a law authorizing a commission to study CalAccount, which is being overseen by State Treasurer Fiona Ma. Once the commission finishes its work, and if the legislature votes its approval, CalAccount will guarantee Californians a fee-free way to access their wages and public benefits. CalAccount is designed to provide universal no-fee banking, which would mitigate the possibility of discriminatory fees in financial products and services. A Bankrate survey revealed that banks charged their Black and Latinx customers, respectively, double and triple what they charged their white customers in checking account fees. Importantly, CalAccount will remain fee-free regardless of the fate of federal regulations. While the Consumer Financial Protection Bureau has proposed new limits on overdraft fees, banks are planning to spend millions to kill the rule. Even if they succeed, though, the fee-free option provided by CalAccount would remain in force in the nation’s largest state.
April 22, 2024 at 11:24 PM
rise-economy.bsky.social
CalAccount is moving! AB 1365 advanced through 2 Assembly committees this week. The bill would create the nation’s first state-backed, fee- and penalty-free basic banking program. rise-economy.org/calaccount-c... @capublicbanking.bsky.social @seiu.org #BankingForAll #CalAccount
CalAccount Clears Two Major Hurdles in Sacramento | Rise Economy
rise-economy.org
April 25, 2025 at 11:45 PM
capublicbanking.bsky.social
Thank you to the leadership of @AsmRobertGarcia and testimony from
Sandra Jauregi, a fast food worker with @cafastfoodunion.bsky.social who shared the impact of high bank fees on working families, and Cynthia Amezcua representing survivors of gender-based violence @freefromorg. #CalAccount
April 22, 2025 at 3:13 AM
socio-steve.bsky.social
Extracting money through fees has become central to the business model of banks, credit unions included! Sarah and Raúl consider the potential of the proposed CalAccount and offer suggestions based on their findings on how to to design an public option that works for working class people. 2/2
March 11, 2025 at 3:23 PM
sylviachi.bsky.social
CalAccount, a public option for basic financial transactions accounts, cleared our first committee yesterday!

While the Trump-Musk regime are dissembling federal financial regulators and rolling back CFPB rules, we can make our financial infrastructure more resilient in California.
capublicbanking.bsky.social California Public Banking Alliance @capublicbanking.bsky.social · Apr 22
Big win today! AB 1365 passed the Assembly Banking Committee, bringing us closer to #CalAccount, a no-cost, penalty-free bank account for all Californians. With 1 in 6 households unbanked or underbanked, this is a major step toward financial justice.
April 23, 2025 at 6:20 AM
socio-steve.bsky.social
Today at Roosevelt: Sarah Stoller and Raúl Chávez have a great piece out on the need for a public banking option. Their work focuses not on the unbanked but on the underbanked, who may have a bank account but face a barrage of fees stripping their wealth 1/2

rooseveltinstitute.org/publications...
Eliminating Barriers to Bank Accounts: How CalAccount Can Ensure Financial Inclusion and Serve as a Model for Public Banking - Roosevelt Institute
In a new analysis, Sarah Stoller and Raúl Chávez shed light on the multitude of barriers to financial system access in the case study of California through surveys and focus discussions while also ana...
rooseveltinstitute.org
March 11, 2025 at 3:23 PM