With the existing pupil staff members leaving the school at the end of last term, the new pupil bankers have successfully applied for the job and received cashier training from local NatWest staff. Nikki Hansell from NatWest was on hand today to give them some support as they welcomed their first customers.
The bank, originally opened back in 2008 with the help of NatWest, aims to help the pupils understand the basics of running a bank account and managing their money. All pupils at the School have the opportunity to open an account and are able to pay in money at the School Bank during published opening hours. They also receive regular statements, which NatWest staff go through with them, to help them understand the process of running a bank account.
Today's activity continues NatWest's close links with the school, which has seen bank staff regularly delivering personal finance lessons and business days to pupils across all year groups, through it's 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. MoneySense has a presence in over 60% of secondary schools across the UK and last year alone, NatWest staff, like Nikki, delivered MoneySense lessons to over 335,000 young people, delivering on the Bank's Customer Charter commitment to provide young people with financial education.
Commenting on the occasion, Sue Sutton, Head of Careers at Tomlinscote School, said: "The School Bank has been a great success and we are all thrilled to be celebrating the arrival of our new pupil bank managers. It's very important that our pupils gain basic money management and enterprise skills and setting up, running and using their own Bank has been an extremely practical and fun way of doing this and brings alive what happens in real life. We can't thank NatWest enough for the commitment they have shown to our school."
Nikki Hansell from NatWest, continued, "Everyone at NatWest is delighted that the Bank we helped the pupils at Tomlinscote School establish has proved to be so successful and has helped so much with the financial understanding that the pupils have. 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. I wish the new staff members every success and look forward to continuing to work with them."
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 Coach Suzanne Head on 07795 238219 or visit the MoneySense website at www.natwest.com/moneysense.