Welcome to Banking on KIDS
It is a well known fact that there is a strong link between financial education and the ability to manage and save money. But did you know that the Banking on Kids program was specifically designed to begin this learning process at the elementary/middle school level.
In 1995, the first Banking On Kids student-run bank opened . It proved to showcase just how simple it is to teach "banking concepts" to very young children.
The intent of opening a bank within an elementary/middle school is threefold:
- To teach kids at a very young age the value of saving.
- To design a banking curriculum that would teach money issues i.e. the origin of money, compound and simple interest, banking systems, and the workings of the Federal Reserve, and
- To offer real-world experience by allowing students to operate a real bank using real money.
The results speak for themselves.
We believe it is paramount that an education on banking begin as early as kindergarten. Both parents and children alike must know that by building a consistent savings pattern starting at a young age ... a continued spirit of saving will flourish throughout one's life.
In a speech delivered via satellite to the National Council on Economic Education in Chicago in October, 2001 Federal Reserve Chairman Alan Greenspan stressed that understanding basic financial concepts such as budgeting and savings should begin as early as possible in the learning process. He stated that "...In many respects, improving basic financial education at the elementary and secondary school level can provide a foundation for financial literacy, helping younger people avoid poor financial decisions that can take years to overcome..."
Banking on Kids is an extremely affordable program that will provide your sponsoring bank/financial institution with:
The opening of student run banks within schools that are in close proximity to your bank branch offices.
Materials (student passbooks, deposit and withdrawal slips, savings account registers, denominational stickers, banking ledger cards) with prominent placement of your sponsoring bank logo.
All K-8 school banking curricular materials for teachers.
A Banking on Kids representative to make the initial contact and establish the (bank-within-a-school) program with all contracted schools.
Watch a video of of a Student Run Bank Opening here.
Dr. Anhalt has also recently engaged in radio interviews about the Banking on Kids program. You can assess the podcasts using the links on the right under the heading of Podcast or here.
After you have had an opportunity to check out our site and find yourself interested in getting involved with Banking on Kids. . .
Please give us a call at: (414) 228 -2828.
If you have any questions or comments, just click the email link below:
Thank You for visiting Banking on Kids and please let others know about this site!