Opening a Student Bank Account

CHICAGO – July 6, 2017

One of the great advantages of a Genesys Works internship is that students earn $10,000 during their senior year. We want students to understand the best practices for managing their money, and an important first step is opening a bank account. During training, Genesys Works will assist students with bank accounts and necessary forms.

On July 13th, we will host a Day of Banking for students interested in opening savings-only accounts. Here’s more information regarding banking and stipends.

 

  • Students will receive payments via a direct deposit into their bank account (no checks to cash!). Students must also have access to their own debit card and account information. Help your student open a bank account by August 11th (If they’re under 18 years old, they’ll need a cosigner).
  • Students will complete their W-9 forms during training, and they must submit the following: (1) SSN card, and (2) State ID, Passport, Driver License or School ID  (one of the three).
  • Students receive a $700 stipend (paid throughout training). This stipend is paid by After School Matters. If there are any issues with the stipend, please direct questions and concerns to After School Matters’ Teen Stipend Hotline at 312.768.5199, or email them at teenstipends@afterschoolmatters.org. After school matters is open Monday through Friday 9am to 5pm. Note: Student cannot miss more than 3 days, or they will lose out on stipend.

Our Program Coordinators and Instructors engage with students daily, offering both instruction and mentoring. They love working with your students, always ensuring summer training is a fun and educational environment. To meet our Summer training team, click here (https://www.genesysworks.org/about-us/locations/chicago/staff/).

 

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About Genesys Works
Genesys Works is a nonprofit social enterprise changing the trajectory of life for disadvantaged high school students through meaningful work experiences. Its program consists of eight weeks of technical and professional skills training, a paid year-long corporate internship, college and career coaching, and alumni support to and through college. Its goal is to move more students out of poverty and into professional careers, creating a more productive and diverse workforce in the process. Since its founding in 2002, Genesys Works has grown to serve nearly 3,000 students annually in Houston, Chicago, Minneapolis/St. Paul, the San Francisco Bay Area, and Washington’s National Capital Region. To learn more, visit genesysworks.org.

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