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Affidavit of No Bank Account: Meaning, Purpose, and Sample Form An Affidavit of No Bank Account is a sworn legal statement executed by an individual declaring that they do not currently maintain or own any bank account under their name. This affidavit is commonly required by employers, government agencies, schools, courts, and financial institutions when proof of non-ownership of a bank account is necessary. This document is often requested for payroll processing, financial assistance programs, scholarships, loan applications, or compliance verification. By executing this affidavit, the affiant formally confirms their financial status under oath, subject to legal consequences if found to be false. When Is an Affidavit of No Bank Account Required? This affidavit is typically required in the following situations: Employment or payroll processing requirements Scholarship or educational assistance applications Government a...