An old idea back in schools

Central Leader - - News - By Carly Tawhiao

School chil­dren 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 hia­tus 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 school in New Zealand 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 ad­ver- tise­ment in the school’s news­let­ter for stu­dent bank tell­ers.

Applications were made in writ­ing for the job and those short­listed 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 and say what they like most about their new job is help­ing peo­ple and money.

“The in­ter­view at the of­fice was nerver­ack­ing 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 to be held through­out New Zealand.

Photo: JA­SON OX­EN­HAM

Cash wins: Bank­ing at St Fran­cis School in Pt Che­va­lier helps pupils like Sadie Whee­lan, 9, and Fran­cis Jones, 10, be­come fi­nan­cially lit­er­ate.

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