Each month in Young Americans Bank we focus on one financial concept and talk with all of our customers about it. This month we’re discussing credit: what it is, how you build it, and how you use it. What is credit? So what exactly is credit? Credit is defined as confidence in a borrower’s ability and intention to repay. The …
This month we’re discussing the concept of credit versus debit. At Young Americans Bank, you can apply for either card — or both — but it’s important to know the difference and how each can be used. Debit Debit cards are swiped like credit cards, but the money comes directly out of your checking account. Because this money comes directly …
The Young Americans Bank scavenger hunt is back! Our #PigsAroundTown campaign was so wildly successful, we wanted to bring back the scavenger hunt and give our customers another opportunity to earn some money and think about banking. Starting on March 23rd and running through April 3rd, customers will be encouraged to head around to five different locations in Green Valley …
Each month we focus on one financial topic at Young Americans Bank. While we always encourage saving, March is the month that we’re really talking about savings goals. What’s the Plan? What kinds of things are coming up for which you will need money? School clothes? End-of-summer vacation? College? How are you going to get that money? You need a …
This month we’re discussing credit at Young Americans Bank. Be sure to stop by to pick up worksheets and learn more about the importance of credit. What is credit? Credit is the borrowing of funds with the intent of paying them back. Typically there is a charge for borrowing these funds. The charge is usually in the form of fees …
Have you been out to Far Northeast Denver to visit our bank branch? We’ve been open just over two years and have served thousands of young people in the Green Valley Ranch, Montbello, and Aurora communities. Last year, we open more than 800 new savings accounts for students and community members under age 21. Even with all the young people …
For January, our Concept of the Month is “Follow the Money Brick Road.” We’re talking about money savings tips, and this is a great place to get started. Make a plan! Decide what you are saving for. Write your goals down. Are they goals you will reach soon, after a little while, or way off in the future? Decide how …
Each year, millions of people make resolutions for the new year. People resolve, or commit, to change or add something in their lives. Many times resolutions focus on working out or healthy eating. Others are based around attitude or life plans. At Young Americans Bank, we want you to think about a resolution for saving for 2015. Let’s get started. …
We’re starting a new series this year called “Beat From the Branch”. Throughout this blog series, we’ll introduce you to our Far Northeast Denver branch, the staff, our programming, and more. Watch for a post every month. Happy New Year Far North East neighborhood! I wanted to take a minute to wish everyone a HAPPY NEW YEAR!. This is Lila …
As adults, we know how important our credit score can be. Many institutions, from lenders to potential employers, use this number to judge our level of responsibility. Unfortunately, youth that are just starting out rarely have a history of credit. I get a lot of questions from parents regarding how to help their children build credit without building debt, so …
