Woodley pupils open their own bank

Woodley pupils open their own bank

Hillside Primary School is branching out to provide more than just lessons for its pupils, and it is banking on it becoming a major success! Suzanne Head and Poonam Kanabar from NatWest in Woodley have just helped pupils set up a bank in the school to help them understand the basics of running a bank account and managing their money.

15 February 2011

Supported with ongoing guidance from NatWest, the bank will be run by pupils who have successfully applied for the job and will receive cashier training from the local NatWest staff. All pupils at the School 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 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, Nicci Morris, Deputy Head at Hillside Primary School said: "The pupils are really excited about this venture. The School takes its role in educating its pupils in financial well-being very seriously and we welcome the support that NatWest has offered us."

Suzanne Head, NatWest's MoneySense Manager for Berkshire, continued, "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 Hillside Primary School ensure that their pupils 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 NatWest MoneySense Coach Suzanne Head on 07795238219 or visit the MoneySense website at www.natwest.com/.

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