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Money Smart Week's "Bank On It: Finding Safe + Affordable Bank Accounts"

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Age Group:

Adults

Program Description

Event Description

On Monday, April 12, 2021 from 12:00 p.m. – 12:15 p.m. CT Money Smart Week will host “Bank On It: Finding Safe + Affordable Bank Accounts.” This virtual event is part of Money Smart Week, a week-long initiative from April 10-17, 2021 that aims to help people, especially those hardest hit by the Covid-19 pandemic, better manage their personal finances through the coordinated efforts of experts and educators across the country.

 

Wary of opening a bank account due to hidden fees and charges? Worried that you need every dollar that you earn, and want to avoid being charged due to a minimum balance requirement? All valid concerns given that many bank account terms contain long, confusing language on fees and high minimum balance requirements. You might have considered skipping a bank to avoid this confusion in managing your money. But – did you know that unbanked families are estimated to spend over $40,000 in their lifetimes on financial fees? Join us to learn how to find accounts that remove the risk of overdraft, low balance charges and other high fees so that you can manage your money to spend on what you choose.

 

During this presentation, the Economic Awareness Council will review the many ways in which selecting a high-quality, safe and affordable bank account can improve your life.

 

Money Smart Week programs are sponsored by the American Library Association and the Federal Reserve.

 

This event is free and open to the public, but registration is advised. Submit your questions during the registration process.