Young Americans Bank
Category
From the Family Favorite - Sponsored
We are thrilled to be named the 2023 Family Favorite Bank and would like to thank everyone who voted for us – your support means so much!
As parents, we all know that kids need to be taught all the basics in life: how to walk, how to talk, how to add and subtract, and how to look both ways when crossing the street. Not surprisingly, kids also need to be taught how to bank. What better place to learn how to bank than a bank specifically for kids? The Young Americans Bank opened in 1987 as the world’s only bank designed specifically for young people, ages 21 and under.
A Colorado gem, the Young Americans Bank provides instruction on basic banking transactions and vocabulary, and how to fill out deposit slips and read statements. Above and beyond the basics, the bank staff teaches kids about different types of accounts including savings, checking, CDs and other financial tools such as debit cards, credit cards and loans. Kids are not just given vital education but also the confidence to take charge of their financial selves.
Learning how to bank at a young age is a fundamental principle held by the Bank’s founder, the late Bill Daniels, who was passionate that children should have access to a real, FDIC-insured bank to learn financial responsibility through action. The Young Americans Bank is a unique combination of classroom and real-world education and experience. Free online “Money Matters” classes provide content specifically focused for age groups ranging from kindergarten up to 12th grade. There are also a variety of personal finance presentations that focus on meeting Colorado personal financial literacy standards.
There are two branches of the Young Americans Bank: Cherry Creek and Belmar. The latest announcement from the bank includes a brand-new app that offers the same bells and whistles as other bank apps such as mobile deposit, transfers and more.
The Young Americans Bank is one of the pillars making up the Young Americans Center for Financial Education. Also available under the Center’s umbrella are:
- YouthBiz – a hub for entrepreneurial thinking and action; providing real-life experiences in entrepreneurship to our future business leaders
- Young AmeriTowne – a hands-on experience for 4th, 5th and 6th grade students to learn about business, economics and free enterprise
- International Towne – a hands-on lesson in global economics designed for 6th, 7th and 8th grade students to learn about international business, trade, currency exchange and more
We invite everyone to explore what Young Americans has to offer. Take a tour through the website at yacenter.org or stop by and see us in-person.