Below you'll find a list of all posts that have been categorized as “Bank”
These two words sound similar, but in fact they are very different: debit and credit. This month, Young Americans Bank introduces these two concepts to help youth understand what they are and how they are used in the banking world. Credit The term credit relates to borrowing. When using a credit card, you borrow money from the credit card company to …
It’s hard to step foot inside a bank without seeing the letters FDIC. And that’s for a good reason! The FDIC, or Federal Deposit Insurance Corporation, is an independent agency created to keep customer money safe. Today’s blog will explore how the FCID came to be and why consumers can trust banks that are members of the FDIC. In the …
What kinds of things are coming up for which you will need money? Holiday gifts? School clothes? Vacation? College? You can probably think of quite a few. How are you going to get that money? You need a plan! Try using a spending plan to help you figure out how much money you have coming in and how much money …
You may already know some interesting facts about our own U.S. currency, such as: $ The people and symbols that appear on our currency $ The materials our coins and cash are made of $ The shapes and sizes of our coins and cash But how much do you know about money from other countries? Foreign currency can be very …
The key to financial well-being is to spend less than you earn. Sometimes that can be more difficult than it sounds, so you should always make a budget and stick to it! A budget is a plan for using income productively. There are many things that you can use your money for, but we divide it into four different categories: …
What is a credit score? A credit score is a number that banks and financial institutions use quite a bit. This number determines whether the bank approves you to use a credit card or to take out a loan or mortgage, and this number also determines the interest rate you’ll pay if approved. In short, this number determines your creditworthiness. …
Thank you for your support of Young Americans Center for Financial Education and Young Americans Bank. The safety and health of our customers and constituents is our top priority, and so we are doing our part to follow guidelines set forth by health and school district officials. Please know that we are taking precautions to help us all stay healthy, …
Credit is important in today’s world. We use credit cards to pay for purchases, and we must have credit to be able to take out a loan from a bank or financial services institution. This month, Young Americans Bank helps you learn all about credit! What is Credit? Credit is the borrowing of funds with the intent of paying them …
It’s important to start conversations about money with children early on in life. Teaching kids the basics — like needs vs. wants and budgeting — can be fun and is an invaluable step in laying a strong financial foundation for future decision making. My financial journey started when I was very young and is a trend I continued with my …
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