A Bank Just for Kids: Hands-On Education in Entrepreneurship and Civics

In this week’s episode, co-host Evan Sparks sends a dispatch from Denver, interviewing Rich Martinez, president and CEO of the nation’s only bank specially designed for children: Young Americans Bank. Evan wrote about Young Americans — which is marking its 30th anniversary — earlier this year. In this podcast we dig deeper into:

  • The products and services Young Americans Bank offers, from a $35 small business loan to a credit card with a $100 limit
  • How Young Americans Bank and its associated education programs help kids gain hands-on experience with money and entrepreneurship
  • The unique nonprofit ownership structure of the bank and how regulators got comfortable with the concept
  • The generosity of Bill Daniels, the cable entrepreneur who founded the bank

Finally, Evan wraps up with a discussion of the ABA/ABA Financial Crimes Enforcement Conference and how it reflects the holistic focus on financial crimes that encompasses AML, cyber and fraud.

If you can’t see the audio player above, click here to listen to this week’s episode.

In this episode:

Rich Martinez
President and CEO
Young Americans Bank

Evan Sparks
Editor-in-Chief
ABA Banking Journal

 

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