Overview

Key Takeaway

Summer Jobs Connect partners use these account priorities to identify appropriate transactional accounts for youth participants.

The Summer Jobs Connect initiative, generously supported by Citi Foundation, leverages the scale and infrastructure of youth workforce programs to offer banking access and other financial empowerment opportunities, helping to transform a workforce opportunity into an on-ramp to the financial mainstream.

These Summer Jobs Connect Youth Account Priorities outline the account features that Summer Jobs Connect local government partners prioritize in transactional accounts for youth participants. Key account features include no overdraft and non-sufficient fees, no monthly maintenance fees, and noncustodial accounts, accounts that are available for youth under 18 without requiring an adult “custodian” to cosign or guarantee the account.

Additional Takeaways

Key account features include no overdraft or NSF fees, no monthly maintenance fees, and the ability for youth under 18 to open an account without an adult cosigner.

Local government partners work closely with financial institutions such as credit unions and banks to build partnerships to provide accounts and financial education resources.

Local government partners work with financial institution partners to tweak their account opening processes and track key account usage data points.

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