Varo Bank launches the “SaveUp” financial education course in collaboration with EVERFI

Free savings program to reach 4,500 middle schools nationwide

SAN FRANCISCO, September 15, 2022 /PRNewswire/ — Bank VaroAmerica’s first nationally chartered all-digital technology bank, today announced the launch of To register, a free savings program for colleges designed in strategic partnership with social impact education innovator, EVERFI. The To register is the largest initiative to date of the Varo Money Power program, which includes free online financial education courses for adults and Russ x Varo Money Power financial education workshops for high school students designed in partnership with the nba superstar Russell Westbrook.

To register empowers students with the tools they need to build a strong savings foundation and will be available to 4,500 middle schools across the country through June 2024. The course is aligned with the National Jump$tart Standards for Personal Finance Education and focuses on high school students to give them time to learn and practice saving habits before they start making money. facing more pressing financial challenges in high school and beyond.

“Everyone deserves equal access to opportunity, and that starts with financial education,” said Colin WalchFounder and CEO of Bank Varo. “Through this joint initiative, Varo and EVERFI continue to advance our shared mission to expand financial inclusion and help young people learn the fundamentals of what it takes to create wealth for themselves. and their communities. We plan to leverage this program content in the future to expand the reach of financial education and literacy to a wider audience in the future.”

Throughout the course, students will learn the importance of saving, how to budget, how saving can help achieve financial goals, and how to open a savings account. This will be accomplished through an interactive learning experience that includes:

  • Self-guided lessons to help students develop simple, actionable strategies.
  • Real-world scenarios that prepare students for long-term behavior change using problem-solving and self-reflection activities.
  • Detailed score reports and offline extension activities to help teachers maximize their impact on all students.

“Middle school is a time of financial socialization for students as they begin to develop their own values ​​and beliefs around money,” said Ray Martinez, co-founder and president of EVERFI. “Develop the To register curriculum and bringing it to middle schools across the country, is just part of our commitment to helping students, especially those in low-to-moderate income populations, gain the knowledge and skills they need to achieve well-being and financial stability while providing equal access to the financial services system.

Learn more about To register course here: www.varomoneypower.everfi.com

About Bank VaroN / A
Varo Bank is America’s first all-digital, nationally chartered, built-from-the-scratch technology bank, designed to make inclusion and financial opportunity a reality for all. Varo Bank is reinventing the modern banking experience and providing customers with the tools they need to build financial resilience and realize financial power – with offerings such as Varo Believe, a secure card to help build credit, Varo Advance for help stretch hard-earned cash between paychecks, the ability to earn cash at 1,000 outlets nationwide, and a recently launched high-yield savings account option, over 38 times the national average. Another type of financial institution – Varo Bank serves everyone who strives to build a better future – from those with abundance to those struggling to make ends meet. Varo was named one of the top banks in the world by Forbes 2022, Fast Company’s Most Innovative Companies, and is on the Inc 5000 list of fastest growing companies for 2022. For more information on Varo Advance, Varo Believe and other offers such as Perks, visit www.varomoney.comlike Varo Bank on Facebookand follow us on instagram and Twitter @varobank. @2022 Bank VaroNA Member FDIC.

About EVERFI, Inc.
EVERFI of Black Baud (NASDAQ: BLKB) is a global technology company that drives social impact through education to solve the toughest problems affecting society, ranging from financial well-being and mental health to workplace conduct and health. other critical topics. Founded in 2008, EVERFI Impact-as-a-Service™ The solution and digital educational content have reached over 45 million learners worldwide. In 2020, the company was recognized as one of the most innovative companies in the world by fast company and was featured on Fortune Magazine Impact 20 list. The company was also named to the 2021 GSV EdTech 150, a list of the most transformative growth companies in digital learning. Black Baudthe global leader in cloud-based software for social good, has acquired EVERFI in December 2021. To learn more about EVERFIplease visit everfi.com or follow us on Facebook, instagram, LinkedInWhere Twitter @EVERFI.

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