Supported with ongoing guidance from NatWest, the bank will be run by students who have successfully applied for the job and received cashier training from the NatWest team. All students at the Academy will have the opportunity to open an account and will be able to pay in money at the School Bank during published opening hours. They will also receive regular statements, which the NatWest staff will go through with them, to help them understand the process of running a bank account.
Commenting on the launch of the School Bank, Natasha Williams, Enterprise Team Leader at Bristol Metropolitan Academy (BMA), said: "The students are really excited about this venture. It's very important that they gain basic money management and enterprise skills; setting up, running and using their own bank is an extremely practical and fun way of doing this. At BMA we continually seek to give our students relevant and real life opportunities and experiences. Therefore we would like to thank NatWest for their support in realising this aim."
Adam Davis, Customer Advisor at NatWest's Fishponds branch, who has been helping the students set up their bank, said: "The importance of financial capability for young people cannot be underestimated, as it's essential that they are equipped with the skills and confidence required to make decisions in adult life. Once young people go out into the world of work and start earning money, it is important they know what to do with it. The pupils who have been selected to run the School Bank have shown great interest and have been very keen to learn the new skills. I'm delighted that NatWest has been able to help Bristol Metropolitan Academy ensure that their students will be better prepared for the time when they have to manage their own finances and I look forward to continuing to work with them."
NatWest also supports financial education through its MoneySense for Schools programme, the largest financial education programme in the UK. The School Bank and MoneySense for Schools programmes have been developed with teachers to help schools and colleges teach personal money management and enterprise skills within the curriculum. They consist of a series of modules, each of which can stand alone or be used in conjunction with others. The programmes aim to engage young people in a variety of role playing scenarios and other online and interactive learning exercises to give them experience of making financial decisions. Since its launch in 1994, over 60% of schools in England and Wales have been involved in the MoneySense programme and last year alone NatWest staff delivered MoneySense lessons to over 335,000 young people.
Any schools or colleges wanting to find out more about the School Bank or MoneySense programmes, how to get the FREE materials or how to get the support of a NatWest member of staff, should contact local NatWest MoneySense Manager Jackie Matthews on 07795 237964 or visit the MoneySense website at www.natwest.com/moneysense.
Media Enquiries to:
NatWest Media Relations
Mobile: 07799 408998