Bank at School
It’s back and Thursday is Bank Day! This real-life bank experience will help students practice the life skills needed to become wise consumers and prudent savers. FSMA, in partnership with UD’s Center for Economic Education and Entrepreneurship, Delaware Financial Literacy Institute, the State Bank Commissioner, and MidCoast Community Bank will be continuing the Bank at School program. This program began at our school two years ago and has been a huge success. Based on the State Economic Standards, the Bank at School program is designed to teach students about economics and financial management using hands-on, contextualized learning.
How does it work?
- Bankers from Midcoast Community Bank set up a table each Thursday to receive deposits and help students learn about the world of banking
- All students may participate
- The bank is open from 8:00 – 8:30 a.m. in the Lower School
- A monthly statement will be mailed directly to the students home
- Only deposits may be made at school… withdrawals can be made at any MidCoast branch
- This is an interest-bearing savings account and MidCoast Community Bank charges no fees on this account
- To sign up, students must bring in at least $1.00 and the Bank at School Permission Slip (sent home in September or available from our main office)
This program is a unique opportunity for FSMA students and while we encourage all to participate, participation is completely voluntary.