Checking & Savings Accounts

Banking options in one place

Manage your money by applying for a checking or savings account..

Check cashing services without a bank account can cost you up to $40 per paycheck, according to the Brookings Institute. Full-time workers could save up to $40,000 over their career by depositing money into an account instead of using check cashing services.

Although we are not a bank, we strive to support individuals’ access to bank accounts, particularly among people who have been underserved or gone without a bank in the past. Our partnership with Prepare + Prosper and connections with other community resources allow us to offer you a one-stop-shop for accessing traditional bank products.

To discuss your banking options or apply for an account:

  • Visit our St. Paul office at 709 University Avenue West, Saint Paul, MN 55104.
  • Call 651.771.2566, extension 253. 


Types of Accounts

We offer two types of accounts through our partnership with Prepare + Prosper:

FAIR Savings Account

This account is only available through LSS Financial Counseling's St. Paul University location. This account is tailored to meet the needs of people with imperfect banking histories. Your credit history is not a factor in eligibility.


  • No account overdraft fees
  • No monthly minimum balance requirement
  • Just $25 to start, and a $3 monthly fee
  • Available regardless of banking history*
  • *Prior bank fraud is excluded

FAIR Checking Account

This option is a personal checking account.


  • Start with as little as $25
  • No monthly minimum balance requirement


What to Bring / Required Documents:

  • At least one of the following identification items:
    • Valid Minnesota driver’s license or valid Minnesota State ID
    • Valid Military ID
    • U.S. Passport
    • Out-of-state ID and valid Minnesota resident application receipt with current address (receipt must have been issued in the past 30 days)
  • Social Security Number (required only for U.S. citizens)
  • Phone Number
  • E-mail address (if you do not have one, our staff can assist you in setting one up)