Staff from NatWest's Totton branch have just helped the pupils set up a bank - the first of its kind in a New Forest School - to help them understand the basics of running a bank account and managing their money.
Supported with ongoing guidance from Jackie McKillen and Chelsea Barrett from NatWest Totton, the bank will be run by pupils in Years 5 and 6 who have successfully applied for the job and received cashier training from the NatWest team. 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 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, John Littlewood, Deputy Head at Brockenhurst Primary School, said: "The children are really excited about this venture. It's very important that they gain basic money management and enterprise skills, and setting up, running and using their own bank is an extremely practical and fun way of doing this and brings alive what happens in real life. We would like to thank Jackie, Chelsea and NatWest for helping make this happen."
Jackie McKillen from NatWest's Totton branch, 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 Brockenhurst Primary School ensure that their pupils will be better prepared for the time when they have to manage their own finances and Chelsea 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 Lorraine Sears on 07990 771797 or visit the MoneySense website at www.natwest.com/moneysense
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NatWest Media Relations
Mobile: 07799 408998