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Rising numbers of unbanked or underbanked individuals, largely due to unmet minimum balance requirements, have become a growing concern. However, organizations across Oakland are stepping up, waging a war against the financial illiteracy that’s plaguing some residents. Up to 4% of Alameda County’s residents lack access to basic banking services, with Black and Hispanic communities making up the majority of that unbanked or underbanked population. | By Magaly Muñoz Rising numbers of unbanked or underbanked individuals, largely due to unmet minimum balance requirements, have become a growing concern. However, organizations across Oakland are stepping up, waging a war against the financial illiteracy that’s plaguing some residents. Up to 4% of Alameda County’s residents lack access to basic banking services, with Black

Sonya verdineJoaquin wallaceAlameda countyOakland wells fargoHope insideUnited way bay areaVice presidentEconomic successBay areaBlack and hispanic communitiesBreak the cycle of povertyChecking or savings accountDowntown oakland wells fargo branchDr joaquin wallaceEconomic opportunities for underserved communitiesFinancial illiteracy