About the Program
Most young workers spend all their money and have nothing left to save. Even worse, some pay high-fees to cash their checks. America Saves wants to change that by encouraging all young workers to utilize direct deposit to save part of their pay into a savings account.
Our program takes under ten minutes for employees to complete and highlights the use of direct deposit to put money away for both spending and saving. The program has proven to motivate most individuals to make a savings commitment and uses your current infrastructure to authorize direct deposit and split pay, or make automatic transfers between two accounts. Additionally, our program helps to prepare youth employees for orientation by encouraging them to bring their existing account and routing numbers with them and, if applicable, to setup an account before orientation.
Provide youth employees with the best financial lesson – making saving automatic through this easy-to-implement program that will result in actual savings.
America Saves for Young Workers is funded in part by JPMorgan Chase Foundation, Experian, and the National Credit Union Foundation.
Next, Learn how the program works.