WHAT WE DO:
Bank of America is one of the world's largest financial institutions, serving half of American households and individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. Bank of America is proud to provide products, tools and educational resources to empower our customers when it comes to taking control of their finances-helping our customers achieve their financial goals now and into the future. We believe the best place to start with a firm financial footing is when you open your first account. That's why financial education is the cornerstone of our student banking products.
WHAT WE OFFER:
Student Financial Handbook
Every new student account holder gets a copy of our Student Financial Handbook, an easy-to-use guide that explains the basics of managing finances. The guide includes information on everything from how to balance a checkbook or make a budget to how a credit card works. This comprehensive financial literacy guide is also designed to help demystify banking terms for parents and students alike, with straightforward explanations of topics like your credit rating. It is available for download at www.bankofamerica.com/studenthandbook
The Essentials: Your Guide to Credit
This booklet is a comprehensive guide to help students understand everything about credit cards, such as using credit wisely, understanding a credit score, creating and maintaining a budget, and protecting against identity theft. Visit www.bankofamerica.com/essentials for an online version of The Essentials.
Monster's Making It Count Programs
Bank of America also has partnered with Monster Worldwide's Making It Count (MIC) division since 2003 to offer dynamic presentations to college and high school students on basic money management and other valuable financial skills. The Ultimate Money Skills: High School and College Editions, along with our program Making College Financial Planning Count, inform students of financial products, how to build a budget, establish solid credit and protect their identities, as well as help parents of high school students understand the complexity of paying for college. In addition, Bank of America sponsors a financial lesson during several other MIC presentation programs for high school and college students. Through these programs and the website components we have reached almost 3.7 million parents and students.
Ultimate Money Skills Web site
Through Bank of America's partnership with Making It Count, the Ultimate Money Skills Web site (www.bankofamerica.com/moneyskills) expands the opportunities for students to learn about personal financial management in a "game-like," online atmosphere. The interactive site features relevant content around issues like simple money management, credit card basics, identity theft, investing, managing loans and budgeting.
Financial Fitness for Life
In 1999, we partnered with the Council for Economic Education to create Financial Fitness for Life, a comprehensive financial education curriculum for students in kindergarten through high school. Financial Fitness for Life has been recognized as the most comprehensive and interactive program of its kind for students, teachers and parents. To date, Financial Fitness for Life has been taught to over 10 million students. The curriculum is being refreshed in 2009.
WHAT WE NEED:
Bank of America is committed to "building a financially-educated world one student at a time." Whether in classrooms, in after-school programs or through youth organizations, we strive to take our programs to more students throughout the country and raise awareness of our tools and resources among students and parents. We take pride in being a dedicated industry leader in financial education and will continue to deliver thorough and comprehensive financial education programs and resources that enable students to manage their money wisely.
Jump$tart Coalition for Personal Financial Literacy