Resources that support financial education and access to federally insured accounts for youth participating in employment programs, particularly those funded through the Workforce Innovation and Opportunity Act (WIOA) (dol.gov), administered by the Department of Labor.
Financial Education Resources
| Money Smart Crosswalk Handouts | Money Smart Crosswalk Booklets | Money Smart |
|---|---|---|
| This resource provides an at-a-glance view of suggested Money Smart topics that support the WIOA financial literacy element and its implementing regulations. English version Spanish version | This resource provides the topic names and contents of suggested Money Smart topics that support the WIOA financial literacy element and its implementing regulations. English version Spanish version | Money Smart - A Financial Education Program The FDIC's Money Smart financial education program can help people of all ages enhance their financial skills and create positive banking relationships. |
Account Access
Resources that support youth employment providers in understanding account access for youth in their programs.
| Money Smart Supplement for Instructors/Trainers | Conversation Starters | Safe Accounts Template | Non-custodial Account Regulations by State |
|---|---|---|---|
This supplement gives instructors/trainers additional information to help individuals use the Bank Checklist found in many of the Money Smart curricula to select affordable accounts. | Ideas for Youth Employment Professionals to Help Youth Access Bank Accounts – a brochure to help workforce providers discuss collaborative opportunities with a federally insured bank or credit union. Conversation Starters Accounts | Reflects the guiding principles of transparent rates and fees that are reasonable and proportional to costs, access to banking services that feature FDIC insurance, and the protections afforded by applicable federal and state consumer protection laws, regulations, and guidelines. FDIC Safe Accounts Template | The Conference of State Bank Supervisors’ Statutory Requirements for Opening Bank Accounts for Minors by State (facts.csbs.org) map provides state-specific information regarding statutory requirements for the opening of bank accounts for minors. |
Other
| Youth Banking Resource Center | Resource Guide for Youth Employment Programs | Resource Guide for Financial Institutions | American Job Center |
|---|---|---|---|
| This site provides resources to encourage banks and schools to work together to improve the financial skills and experiences of youth. Youth Banking Resource Center | This resource, created by the Financial Literacy and Education Commission (FLEC)*, provides ideas for workforce programs to partner with financial institutions to incorporate account access into their programs. Resource Guide for Youth Employment Programs: Incorporating Financial Capability and Partnering with Financial Institutions (www.treasury.gov) | This resource, created by the Financial Literacy and Education Commission (FLEC)*, provides financial institutions with ideas to incorporate account access into workforce programs. Resource Guide for Financial Institutions: Incorporating Financial Capability into Youth Employment Programs (www.treasury.gov) | A source for career exploration, training & jobs, sponsored by the U.S. Department of Labor. careeronestop.org |
*Congress created FLEC in 2003 to improve financial capability and education in the United States.