Matched Savings is Back!

The Interfaith Alliance at the Beach (IAB), an ecumenical group of faith organizations has made it possible for financially challenged families to establish their own emergency fund to keep them from falling prey to high cost alternative lenders.  IAB offers a matched savings program in which $150 is offered for Bank On participants who:

1. Establish $150 of their own savings
2. Maintain perfect attendance at Bank On Classes
3. Attend 9 coaching sessions during the Bank On program
4. Complete the Mayor's Action Challenge for Financial Fitness by submitting their Financial Empowerment Passport
5. Are Virginia Beach Residents
6. Have household income less than 400% of poverty.

To get a list of the eligibility requirements for the matched savings program, click here.
Emergency savings provides a layer of protection against the unexpected.  Thank you to the IAB for helping Bank On families stay focused and incentivized to stay with the challenge of building a financial plan for financial security!

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