Bank of America’s Andrew Plepler Talks Khan Academy Partnership

Bank of America’s Andrew Plepler Talks Khan Academy Partnership

  • 1. Does this account fit my banking habits?
  • Just like with a checking account you have to ask yourself (and the prospective bank) similar questions: Do you prefer meeting face-to-face with a teller or quick transactions online? How often do you tap into your savings, if at all? Do you prefer setting up automatic withdrawals or managing your account with a passbook? Your personal preference(s) play a major part in selecting a bank.

In a previous article, we spoke about Bank of America’s collaboration with Khan Academy in an effort to promote financial literacy.

In this follow-up piece, caught up with Andrew Plepler, Global Corporate Social Responsibility and Consumer Policy executive at Bank of America, for a lightning-speed-quick chat about the bank’s initiative. What is it about Khan Academy that made it a good fit for this initiative?

Andrew Plepler: Bank of America has a long history of supporting financial education and stability initiatives. While we recognize that there’s no silver bullet to address the issue of financial understanding in our country, more innovation is clearly needed in this area. To help address this, we partnered with Khan Academy, a non-profit with proven success in making historically difficult topics easy to understand. Our partnership aims to help people build practical financial expertise by making financial education more engaging, accessible and easier for people to understand. This type of innovation is an important step in bridging the financial knowledge gap and helping people to take a proactive role in more confidently managing their finances.

For the first part of this series, see the article, Bank of America and Khan Academy Team Up.