Equality and respect are the languages the world speaks every day. Everyone is believed to have the right to live and be respected without discrimination.

Even though some individuals find it challenging to understand the LGBTQ community, their bodies out there working hard to ensure that people understand and respect individuals that choose to be recognized by the community under the law of equality.

In the financial industry, we see a lot of large financial institutions claiming to provide services to the LGBTQ+ communities, but the truth is that only a few of them are actually doing what they claim. A handful of them is just lip-servicing the LGBTQ+ communities. The question still remains, how many of them are actually backing them up?.

Myles E. Meyers, founder, and CEO of the credit union Superbia, in New York, made mentioned that acceptance and access are key for the LGBTQ+ communities.

Meyers went ahead to cite that from around the year 1990 to 2015, the LGBTQ+ communities have faced some level of discrimination and oppression. Meyers quoted that Same-sex couples were 73% more likely to be turned down for a mortgage than similarly qualified different-sex couples, and same-sex couples who were approved for mortgages paid about 0.02% to 0.2% more, on average, in interest and fees,” 

This led to the introduction of banks like Superbia and Daylight, created by the LGBTQ+ communities specifically to service LGBTQ+ people and support any customer who identifies as LGBTQ+ with all their specific needs.

One of the by John Auten-Schneider, the co-founder of Debt-Free Guys and the Queer Money podcast shows that in Las Vegas, 33% of same-sex couples are homeowners, while the national average for the opposite-sex couple homeowners is double, at 66%.

With all of this, there are banks that are out there to support the LGBTQ communities with everything they need and ensure they get equal services just like every customer out there.

With all this, we decided to make a list of banks that strongly support the LGBTQ+ communities. 

Also Read: Understanding How Commercial Banks Works And Why They Are Very Important

Why Banks Are In Support Of LGBTQ (Banks that Support the LGBTQ+ Community)

Also Read: Understanding ACH Transfer and Wire Transfer (What's the Difference?)

List Of Banks That Support The LGBTQ+ In The United States

Below are some of the banks that provide services to LGBTQ+ communities:

  • Capital One
  • Daylight 
  • Equifax
  • Experian
  • JPMorgan Chase
  • MassMutual
  • Prudential
  • Superbia
  • Wells Fargo

Capital One 

Capital One is a popular financial service provider that has been in support of the LGBTQ+ communities by ensuring that each member is treated equally just like every other customer without any form of discrimination of any kind.

The bank is known to offer LGBTQ+-focused benefits for employees such as fertility coverage, reimbursements for associates for adoption and surrogacy expenses, domestic partner benefits, and health coverage for gender reassignment.

Capital One partners with community organizations focused on LGBTQ+ populations, such as SAGE, Attic Youth Center, GLAAD, LGBT Community Center of New Orleans, and Trans Lifeline.


Daylight is another bank that supports the LGBTQ+ communities in the United State. 
As of the time of this publication, the bank is in its beta state as they're still getting a list of people interested in the movement to join its waitlist.

On this waitlist, anyone who joins will be able to sign up for a prepaid visa card.

With its mobile-first account, you can choose your preferred name even when your ID says something else. With daylight, there is no minimum balance, and lets you make one free ATM withdrawal each month.

They also have an online community where members of the community come together and interact, advise, and support each other.

The platform offers LGBTQ+ financial coaches through an affiliate network; their services can be paid for using your card. 


If you're an LGBTQ+ member who intends to change your name without affecting your credit score, Equifax is the financial institution you should work with.

Equifax is a financial service provider that helps in the protection of credit scores as a result of the name change. They ensure you pass through all the legal channels to ensure a successful change of information.

According to the company. The best method is for a transgender or non-binary person to complete a legal name change and then directly inform the credit bureaus. “Doing this provides the critical link needed between their chosen name and their deadname, which will help to maintain the integrity of their credit file during the transition and potentially avoid any misunderstanding with creditors or lenders,” the company says


Experian is a financial institution that gives a lot of focus on the credit scores of individuals. Anyone changing their name to another name that well represents that individual's identity as an LGBTQ member can affect the credit score of that individual.

As an LGBTQ+ member who wants to have a change of name, you'll need to contact your lender to update your name and add other necessary additional information. This name will need to be reported to the credit bureaus and reflected on the credit report of that individual.

For transgendered individuals, changing their full names will require some additional documentation and steps. All of this is to ensure the system combats fraud that can be perpetuated as a result of claims of being an LGBTQ+ member.

This entire process will require you to even update your SSN and driver's license with the federal and state government. 

For more detailed information about this entire process, you can check the official website of credit bureau's website to have a detailed explanation.

JPMorgan Chase

JPMorgan Chase is also a financial institution that supports the LGBTQ+ community and movement.

As of 2021, JPMorgan Chase promised to donate the sum of $5 million to nonprofits that serve LGBTQ+ Americans, many of whom were adversely affected financially during the pandemic. 

One of the organizations that benefited from this is the Services & Advocacy for LGBT Elders (SAGE).

Sage has been one of the oldest among the non-profit organizations that have dedicated so much to ensuring that older folks of LGBTQ+ Americans are okay.

With all this, the bank has won an award for its own workplace commitment to diversity and inclusion, with local LGBT Employee Resource Group (or ERG) chapters in 15 countries.

One setback with the bank is the change of name on debit and credit cards. The bank’s online Account Holder Name Change form is for brokerage accounts, not credit card or savings accounts. If you are a cardholder, you can call the toll-free number on the back of the card. You’ll likely be asked to submit documentation, such as legal proof of a name change.  


MassMutual is one of the avid supporters of the LGBTQ community that has been confident in the promotion of the LGBTQ+ communities without being worried. The financial institution has been known for the use of stories of LGBTQ+ couples and individuals, MassMutual embraces the community, showing videos on the LGBTQ+ section of its website and on YouTube of same-sex couples going through adoption to promote its advisory services.

The company as an insurer makes sure it offers financial advisors who are trained to understand the complexity and sensitivity of the LGBTQ+ community. 

According To Investopedia. In 2017, MassMutual conducted the MassMutual LGBTQ Financial Security Study. In this study, a survey was done on 500 LGBTQ+  Americans between the ages of 25 and 65 with household incomes between $35,000 and $150,000 (in the survey researchers used LGBTQ, not LGBTQ+). Among their findings: LGBTQ people were more worried about retirement and finances than the general population. These studies are important for the LGBTQ+ community to learn about their financial situation and make informed financial decisions.


Prudential is another great financial service provider that offers insurance services to the LGBTQ+ community. The insurance service provider has been an avid outspoken supporter of LGBTQ+ right and has a wide range of insurance policies that support LGBTQ+ employees.

As of 1996, the company added “sexual orientation” to its non-discrimination policy for employees. They went further to offer domestic partnership benefits to employees by ensuring that Gender identity and expression are explicitly protected under its non-discriminatory policy.

The company has contributed to the ecosystem that ensures equality is upheld. One of the company's biggest contributions is that of data dive into the financial experience of different populations such as Asian-Americans, Black Americans, and Caregivers, the insurer scrutinized the financial lives of the LGBTQ community in 2017 and includes the community as a data cut in other surveys (the survey researchers use LGBTQ, not LGBTQ+)


Superbia is a financial institution that was founded around July of 2021, but as of the time of writing this article, they have not started operating fully due to the covid-19 pandemic that almost brought the world to its knees. The bank needs to pause to ensure they get regulatory approval.

With all that, they are working to ensure they start operation soon to ensure they start servicing their customers by providing services such as banking, life, and health insurance, and money management services designed for and by the LGBTQ+ community. 

According to Superbia, the checking and saving accounts for their customers will feature low rates, no fees, and discrimination.

They promised to offer cards such as master cards to their customers, these cards will carry the true name feature, which will allow users to pick the name they’d like on their banking cards.

Wells Fargo

Wells Fargo is another bank and financial institution that has taken a lead in ensuring that members of the LGBTQ+ communities can use the banks without any feelings of being discriminated against in any way.

The bank has gone as far as creating an LGBTQ+ section on its official website where members can sign up for a pride-themed card.

According to the bank, they stated that they have employed professionals that are well-trained to specifically understand the LGBTQ+ community in other to provide the required service needed. Their staff is trained to ensure they understand the complex financial needs of LGBTQ+ couples and individuals.

As a member of the LGBTQ+ community, you can enjoy offers from Wells Fargo such as financial advisory with LGBTQ+ expertise and sensitivity.

The bank has also been known for upholding the right to equality. Even before same-sex marriage was legalized, the bank has been in partnership with the College of Financial Planning to create the designation of Accredited Domestic Partner Adviser (ADPA) and offered its financial advisors the chance to take the training.

The staff at Wells Fargo who work as investment advisors gain an adequate understanding of issues that may affect  LGBTQ+ couples and domestic partners so they can be advocates for the community. In the event the partnership ends in death or divorce, an advisor with this designation can ensure that the interests of both partners are protected.


Today the acceptance of LGBTQ+ might be slow around the world due to the complexity that only a few people will understand. But I strongly believe that as time passes by, different financial service providers that have not taken the community seriously will get to realize that the community I way bigger than anyone can imagine.

As the writer of this article, I'm a member of the LGBTQ+ community, but I believe in equality and respect for everyone. We're all human, we all have the right to live as we wish.

In the society we live in today, a lot of individuals in the LGBTQ+ communities grew up being told that they didn't have a future, according to Simmon, but today, there are legislative backings and more visibilities in the media, which means there is a future for the LGBTQ+ community.

A lot of the LGBTQ+ communities are now learning more about forming personal finance habits that will see them through their families.

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