Financial Institutions
Financial institutions are vital partners in providing Matched Savings Accounts to low-income families. Financial institutions hold the accounts and bring their experience in the financial world to the partnership. A community-focused attitude on the part of the financial institution benefits all parties. Specifically, partnering with a financial institution provides the following:
- No minimum balance or monthly fees on Matched Savings Accounts
- Locations that are accessible to the target populations of the program
- Mail-in and direct-deposit capability
- Assurance that Earn to Learn program procedures are followed
- Monthly or quarterly statements to both Earn to Learn staff and the participant