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Technology is the New Branch: 4 Solutions to Reach Underbanked Communities

For the first time in over 50 years, the majority of U.S. public school students are in poverty. Many of these students come from families that are underbanked, which accounts for roughly 20% of the population. Without access to financial education, teens and young adults from these families are likely to remain underbanked.

As a trusted financial service provider, your bank can play an important role in addressing this challenge. EverFi recently published Technology is the New Branch: 4 Solutions to Reaching Underbanked Communities, a new guidebook for bank leadership that shares guidance for banks in reaching underbanked communities.  

Review the guide and you'll learn:
  • The latest trends on underbanked populations in the U.S.
  • How underbanked teens differ from peers and the impact of financial education on this population
  • 4 solutions banks can integrate into their financial education programs to increase banking in underbanked communities

About EverFi 

Our mission at EverFi is to drive lasting, large-scale change to the financial capability of learners of all ages. 

We help banks and credit unions make transformative impact on the livelihoods of their communities, consumers, and employees through online education, data and services

For questions about this research paper, email Lindsey at lmcelhaney@everfi.com or call 202-871-9292 to speak with a member of our team.

Download Free Guidebook - Technology is the New Branch: 4 Solutions to Reach Underbanked Communities

 

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