The Young Americans Bank: An amazing banking option for the kids and teenagers!
Today, banking is not just for adults anymore. Young Americans bank located at 3550 E. First Ave., Denver, Colorado is the only bank which is specially designed for people aged 21 or less. The main goal of this bank is to make students and younger people familiar with banking and other financial activities so that they are more likely to make wise decisions in the future.
Many different types of banking activities occur in this bank. Younger people can open savings accounts or checking accounts. College students who need assistance paying for classes can easily opt for educational loan options from the Young Americans Bank.
There are several benefits to opening a savings account with this bank. You can also get free ATM debit card with every bank account. If you want to access your account online then you can opt for the internet banking in which you can easily check the details of your account online, just like with any other bank. All you need to do is open an internet banking account at the Young Americans website. There are also some services available especially for rural Americans. Small business loans are available for young entrepreneurs as well.
The main intention of this bank is to make young people aware of financial matters while getting them involved in a hands-on manner. This bank was opened by Bill Daniels, founder of the Daniels College of Business and the Daniels Fund. He opened this bank because a lot of students were not given loans by other banks as they needed the money for school projects and other important matters.
The Young American Centre for Financial Education houses this bank. The Young Americans Bank arranges numerous seminars and other programs all over the nation in order to spread awareness among young adults about how to deal with money, how to save, etc. Plenty of summer camps, training sessions, and so on are organized for school children and teenagers where the importance of finances are discussed.
This bank’s main goal is to provide financial support to children and teens. Traditionally, banks do not give loans to children. The only loans that kids can get are student loans, but, that too can be tricky for college students. Now, thanks to the Young Americans Bank, young people can even get funding for their projects, summer businesses, and other ventures. This bank encourages children and teens to be innovative and promotes entrepreneurship. This bank has revolutionized banking and has opened a huge door of opportunity for young people in Denver.