Video overview of Online Banking’s Personal Finance tools
Financial Literacy Resource Directory
The Office of the Comptroller of the Currency offers a directory that includes contact information for organizations that provide financial literacy and education initiatives. Resources include fact sheets, newsletters, conference materials, publications, and website links to help people improve their ability to make informed and effective financial decisions.
American Rescue Plan 2021: Advance Child Credit Payments
Child Tax Credits have been in existence for many years but, because of the American Rescue Plan signed by President Biden in 2021, advance payment of half of those credits will be available to eligible families beginning July 15.
Parents with children under 6 years old may get up to $300 a month per child, or up to $250 per month for each kid aged 6 to 17. Dependents 18 to 24 years old could potentially qualify for one payment during tax season next year. The partial payments are connected to a family’s income taxes and are only available in 2021 — the other half of the child tax credit will come when those families file their taxes in 2022.
If the IRS has processed your 2020 tax return or 2019 tax return, these monthly payments will be made starting in July and through December 2021, based on the information contained in that return.
For more information visit: Advance Child Tax Credit Payments in 2021 | Internal Revenue Service (irs.gov)
Learn How to Open an Account at an FDIC-Insured Bank
If you are in one of the 7.1 million U.S. households without a bank account, there are resources available to help you get started and many FDIC-insured banks offer accounts with low (or no) monthly maintenance fees when you have direct deposit or maintain a minimum balance. They may also offer free access to in-network automated teller machines (ATMs). Plus, at FDIC-insured banks, your deposits are insured up to $250,000.
For more information, visit: FDIC: GetBanked – Learn How to Open an Account at an FDIC-Insured Bank