The bill mandates that District contracts for prepaid debit cards be with financial institutions with physical locations in at least 5 wards.

The Equitable Access to Financial Services Act of 2025 requires the District government to contract only with entities that offer prepaid debit cards and associated services to District employees and residents. These entities must have physical locations in at least 5 wards, with preference given to those in census tracts with a median household income of $50,000 or less.

The bill mandates that District contracts for prepaid debit cards be with financial institutions with physical locations in at least 5 wards.

The Equitable Access to Financial Services Act of 2025 requires the District government to contract only with entities that offer prepaid debit cards and associated services to District employees and residents. These entities must have physical locations in at least 5 wards, with preference given to those in census tracts with a median household income of $50,000 or less.