School-based bank savings programs offer students an opportunity to learn about the importance of savings and money management by opening and making deposits to savings accounts. This issue of the Office of the Comptroller of the Currency’s Insights report discusses how the school-based bank savings programs operate, explains their establishment in “nonbank branch” settings or as authorized bank branches, and describes the benefits and potential risks to banks participating in these programs.
Agency: Office of the Comptroller of the Currency