Talk Bronx New York

If you’re looking for a place to open a checking account in parts of the South Bronx, don’t bank on it.

Many neighborhoods there continue to have little access to banking services, with Highbridge and Morrisania among the worst.

With an estimated half-million residents, the South Bronx has only 27 banks, giving the area only one bank per 20,000 residents, according to a 2008 study by Fair Finance Watch.

In Manhattan, the study found one bank per 3,000 customers.

On Morrisania’s Prospect Ave. shopping strip from 161st to 167th Sts., there are virtually no bank ATMs, and bodega ATMs charge up to $2 in fees.

The closest banks are more than a mile and a half away. Read more..

(No Ratings Yet)
 Loading ...
 Email This Post