Young Adult Banking
As a young adult, you have an opportunity to take early control of the financial side of your life – build a great credit rating, manage new or previous student loans, make the most of mobile banking conveniences, and more. Best of all, you can take advantage of JBT’s local, personalized guidance when you have any questions about finances and our financial tools. You can chat with local JBT staff over the phone, through email, or visit any JBT brand for friendly, in-person service.
JBT’s Young Adult services are designed for you! As you get into real-world banking after high school, college/trade school, you might be the person who:
- Never had a personal checking account before and aren’t sure where to start.
- Desires to learn more about ‘finances’ beyond a checking or savings account.
- Is a student looking to fill a tuition gap beyond any grants, scholarships, and state or federal loan programs already awarded.
- Is a recent graduate trying to manage payments on multiple tuition loans.
- Wants to build a solid credit score to be better prepared for a future vehicle or home purchase.
Thanks to JBT’s personalized approach, you have a great ally to help you make better choices as you establish yourself as an independent adult. In fact, JBT has already designed several tools to help you. Below you’ll find an overview of our best tools for Young Adults.
WHICH JBT CHECKING ACCOUNT IS BEST FOR ME?
That’s easy! The JBT eWards Checking Account is perfect for young adults on the move. You can use the JBT debit card for daily purchases, do online banking or mobile banking, make online bill payments, and reduce mailed paper waste with free online statements. Plus there are other benefits -- including no minimum balance!
Learn more about:
CAN I GET HELP WITH UPCOMING STUDENT TUITION?
Being able to afford college can seem overwhelming, especially when you take into account that tuition doesn’t include books, supplies or room and board. Even with scholarships and financial aid you can be facing costs that are challenging to say the least.
iHelp loan with Student Loan Finance Corporation (SLFC), through local iHelp partner Jonestown Bank & Trust Co., helps cover the gap between the cost of going to college and the amount of money a student receives from scholarships, grants or federal loans. You can afford college and SLFC & JBT can help take your worry away.
Additional benefits include:
- Great variable rates
- Personal assistance every step of the way
- Flexible repayment options
- No required payments while in school
- No origination fees
CAN I GET HELP WITH TUITION PAYMENTS AFTER GRADUATION?
College provided an education and a head start on your career, but it also left you facing student loans that can seem impossible to repay.
An iHelp loan with Student Loan Finance Corporation (SLFC), through local iHelp partner Jonestown Bank & Trust Co., is a great way to reduce your student loan payments.
You can consolidate your student loans, making your life simpler, and you may be able to even make lower monthly payments!
- iHelp Student Consolidation Loan.
- Single monthly payment.
- Flexibility of fixed or variable rates.
- No prepayment penalty.
- No origination fees.
Of course, you’ll want to understand how your interest rate, repayment benefits, deferment/forbearance options and other factors differ between your current federal student loan(s) and a private consolidation loan to help you determine if consolidating your federal student loan(s) into a private consolidation loan is in your best interest. Once federal student loans are consolidated into a private consolidation loan they are no longer under the federal student loan program.
RETIREMENT. ARE YOU SERIOUS?
Absolutely. You are never too young to set aside funds toward your retirement. We encourage you to try this FREE Retirement Calculator to see the impact of building retirement savings over time. Through the magic of compounding, small savings, done routinely, can add up to a nice total a few decades down the road.
I NEED A MORE RELIABLE VEHICLE NOW. WHAT CAN I DO?
Talk to JBT about how much new or used car you can afford. It helps to have a reliable vehicle to get you to college or to the new position in your new career. JBT can help you get the vehicle that’s right for you.
HOW DO I BUILD MY CREDIT SCORE?
Being new to the financial side of life, you likely have no or little credit to support a favorable credit rating yet. Having a good credit score will help whenever you need to apply for credit in the future – for a new or used car loan, home mortgage, credit card, and more. Consider JBT’s proactive way to possibly help build your credit – the JBT Credit Builder Loan.
JBT’s Credit Builder program is a combination loan and savings program that may help you establish a good payment history, an important step in building a higher credit score. This program, along with your plan to reduce other obligations, may positively impact your credit score over time.