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Description: The BankOn California program was created in 2008 to help consumers access basic financial services while avoiding costly alternative financial products by creating low-fee bank accounts, in addition to creating partnerships with community-based organizations to overcome the lack of trust in the banking system. The program was launched by the Governor’s Office with the help of financial institutions, city mayors, federal bank regulatory agencies, and community-based organizations. At its inception, the statewide program was a collaborative voluntary initiative to help develop and market low-fee bank accounts and educate Californians about the benefits of bank accounts.
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Subject: Finance
Group: Department of Finance
Creator: California. Department of Financial Protection and Innovation
Language: English
Format: Websites
Collector: California State Library
Description: CalKIDS is a California state program that helps children save for college or career training after high school. Children born in California starting on July 1, 2022, and eligible low-income public school students are awarded a CalKIDS college savings account with an initial deposit in it. Enrollment is automatic and families are not required to contribute.
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Subject: Children, Finance
Description: ScholarShare 529 is California’s only official college savings plan. The ScholarShare Investment Board partners with 529 experts to ensure the plan is well managed, helping families achieve the dreams higher education unlocks.
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Subject: Finance
Group: State Treasurer
Creator: California. Office of the State Treasurer
Language: English
Format: Websites
Collector: California State Library
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