WHAT WE DO:
Bank of America is one of the world's largest financial institutions, serving 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. At Bank of America, we believe that when our customers are financially empowered and can build and sustain assets, our communities thrive. While Bank of America supports effective financial education programs for people of all ages, we also believe that effective personal financial management begins with educating our youth. We are investing in programs to help youth develop good wealth building behaviors. We have incorporated financial education into the core of what we do, the services that we provide and the way we interact with our customers.
WHAT WE OFFER:
Financial Fitness for Life
In 1999, we partnered with the National Council on Economic Education to create Financial Fitness for Life, a comprehensive financial education curriculum for students from 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.
Monster's Making It Count Programs
Bank of America sponsors money management programs for college students and parents of college-bound high school students, with our partner, Monster.com. We are the only lender partnering with Monster's Making It Count division to offer "Making College Financial Planning Count" (MCFPC) and "Ultimate Money Skills" (UMS). These programs educate parents on how to pay for college and students on financial products, how to build a budget, establish a solid credit history, and maintain identity protection. The presentations are conducted by professional speakers at high schools and on college campuses nationwide. More than 2,300 presentations have been conducted since 2005 to almost 120,000 parents and students.
Student Financial Handbook
Each one of our new student account holders receives our Student Financial Handbook, an 'easy to use' guide for understanding the basics of managing their finances including how to balance a checkbook and how a credit card works. This comprehensive financial literacy guide is designed to provide students and their parents with basic information across an array of financial institution offerings designed for students. This includes checking, savings, online banking, debit card, credit cards, and student loans. In addition, it provides helpful tips on budgeting, identity theft protection and an explanation of credit ratings.
The Essentials Guide to Credit
This is a comprehensive tool that helps students understand credit card basics such as, using credit wisely, understanding a credit score, creating and maintaining budgets, identity protection, and where to go get additional information. Students also receive periodic financial literacy statements messages that provide important and relevant tips for managing and maintaining good credit. Visit www.bankofamerica.com/essentials for an online version of The Essentials.
WHAT WE NEED
Bank of America is committed to "building a financially-educated world one student at a time." Whether in classrooms, after-school programs, or youth organizations, we strive to take our programs to more students throughout the country.
Revised Student Financial Handbook
The revised Student Financial Handbook includes new information on:
It is available for download at www.bankofamerica.com/studentbanking
New Money Skills Web site
We've supplemented our existing Ultimate Money Skills program with a complementary online component at www.bankofamerica.com/moneyskills. This website expands the opportunities for students to learn about personal financial management in an interactive "game-like" online atmosphere. The interactive site features relevant content regarding issues such as simple money management, credit card basics, identity theft, investing, managing loans and budgeting.
Financial Fitness for Life revision
In 2008, we are undergoing a complete refresh of this program and will also adapt the lessons for delivery outside of the classrooms.
Jump$tart Coalition for Personal Financial Literacy