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04-30-2010 Bank of America

 

Bank of America logo

 

                                  Bank of America Corporation

 

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 young adult banking products.

WHAT WE OFFER:

Financial Literature:

  • 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.

Educational Partnership:

  • Ultimate Money Skills programs and Monster: Bank of America continues our partnership with Monster’s Making It Count programs to exclusively deliver the suite of Ultimate Money Skills (UMS) programs: High School, College, and College Funding (Parent program).

In late 2009, Bank of America unveiled the newly redesigned www.bankofamerica.com/moneyskills, an interactive Web site that provides a “next step” transition point from the on-campus programs. The Web site is a great resource for young adults who want more financial tools, information, and continued guidance around financial management. The site was updated with a new look, new interactive features, and an educators’ tab with links to our other programs.

Since these programs were first launched, we have reached over 5 million students, young adults, and parents with information on paying for college, developing smart money management skills and building good credit.  In 2010, the Bank will launch our newest component the Ultimate Money Skills Workshop, which is a workshop version of our materials that can be taught in the community by our own Bank of America associates. 

  • 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 updated in 2010 and will be ready for the Fall school year.
  • Your Financial Future: Bank of America continues its partnership with The Network for Teaching Entrepreneurship to update a financial education curriculum for lower, middle and high school students.  This program is written especially for volunteers to present the lessons to students.  Your Financial Future can soon be found on www.bankofamerica.com/moneyskills and will be available for downloading at no cost.

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.

 

CONTACT INFORMATION:

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