School Banking Program
Lots of people manage to graduate from high school and not know a thing about how to write a check, save for the future, invest money or create and stick to a budget. And we know that it's never too soon to be smart about money.
So in response to the need for better financial literacy programs in schools, and better financially prepared students, Monroe Bank & Trust developed our now well known MBTeach School Banking program.
The first school we teamed with was Ritter Elementary School in South Rockwood in 1989. Since then, a total of 37 elementary schools have been involved.
Our Partnership in Education “bank at school” initiative helps to enhance classroom studies and encourage children to recognize the importance of saving for the future. And we provide this program at no cost to our already financially strapped schools.
By setting up a mini MBT branch in the school, students learn hands on savings techniques. Young bankers interview for jobs as a branch manager, teller or security guard to carry out typical bank procedures. Students open real savings accounts and have the opportunity to make regular deposits on school banking days. The program is operated by MBT branch personnel in conjunction with school administrators and teachers who may choose to supplement the hands-on banking experience with additional classroom activities.
For information on how your school can participate, e-mail Jennifer Tucker or call her at (734) 384-8269.