Cashing in on savings
Schoolchildren can laugh all the way to the bank this year without leaving their classrooms thanks to ASB Bank.
The bank returns to schools after a 15-year break to teach children about the benefits of saving rather than spending their tooth fairy money.
School account manager Angela French says although school banking began in 1926, it stopped when automation replaced manual banking.
“For every dollar earned, $1.14 is spent so with this state of economy, we want to encourage the habit of saving once again,” she says.
“ASB sponsors financial literacy in schools and we want to teach children about saving and money. Most children think you just take money out of a machine or use a card.”
Every New Zealand school that banks with ASB was offered the school banking programme which began this year.
St Francis Primary School in Pt Chevalier took up the offer in term one and went a step further.
Principal Marianne Booth put an advertisement in the school’s newsletter for student bank tellers.
Applications were made in writing for the job and those short-listed were interviewed in the manager’s office at Pt Chevalier’s ASB branch.
Sadie Wheelan and Francis Jones were two of the eight pupils appointed as tellers and say what they like most about their new job is helping people and money.
“The interview at the offi was nerve-wracking but it was brilliant when I found out I’d got it,” says Sadie.
“We help set up the room for banking and after banking I give everybody a Kashin stamp,” says Francis.
More than 350 schools have registered their interest in ASB’s revitalised school banking programme throughout New Zealand.
Cash wins: Banking at St Francis School in Point Chevalier helps pupils like Sadie Wheelan, 9, left, and Francis Jones, 10, become financially literate.