The Young Americans Bank

A one-of-a-kind kids-only bank has children all over the country exchanging their penny jars for ATM cards


It's never too early to start teaching kids about money. That's the premise of the Young Americans Bank, which doesn't have a single customer older than 22. Denver philanthropist Bill Daniels founded the one-of-a-kind kids-only bank in 1987; now it has 15,500 customers in all 50 states and 12 foreign countries.

Dedicated to teaching young people about managing their money, the nonprofit institution offers checking and savings accounts, ATM and credit cards, and loans for everything from cars to guitars. Although the bank has only one bricks-and-mortar branch, in Denver, its many out-of-state customers can make deposits by mail or consult a bank officer by phone about applying for a loan or a credit card, and bank officials hope to establish online banking services soon.

The bank's sister organization, the Young Americans Education Foundation, offers additional programs. Be Your Own Boss teaches elementary- to high school-age kids how to start and run small businesses. Class Transactions links schools with local banks to help students in kindergarten through sixth grade open accounts.

To learn more or to open an account, go to or call (303) 321-2265.

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