About Bank at School

What is the Bank At School Program?

Students have the opportunity to set up non-custodial, no-fee savings accounts; these accounts are opened in the students’ names and are free of charges until students reach the age of 18. Representatives from the partner bank come to the school on the same day each week to accept deposits. Students may visit any of the bank's regular branches to make additional deposits and withdrawals.
Classroom lessons are made available to teachers; these lessons, correlated with the Delaware State Standards in Economics, highlight ways to save and the advantages of savings. Schools are matched with banks in their communities. Each school signs a contract agreeing to notify parents of the program, to provide guidance to students about opening accounts, and to create a space and schedule for the weekly Bank At School program. At least one teacher (preferably two) and an administrator in each building are asked to serve as liaisons with the Bank At School partners. It is helpful to have the assistance of the parent teacher organization as well.

Why is a Bank At School Program Important?

Across the country, studies show that students lack even basic financial knowledge. Most high school graduates lack basic skills in the management of personal finances, according to the Coalition studies; this includes a “lack of insight into the basic principles involved with earning, spending, saving and investing. 

One way children develop the ethic of saving is to open savings accounts. This is a guaranteed way to gain financial security while establishing the ability to make later purchases without going into debt. The Bank At School program addresses these issues by providing real banking experiences to the children involved. Schools, teachers, and parents work together to encourage the children to save regularly. In addition, Bank At School lessons are available so teachers can introduce relevant and timely money and banking concepts…not just to meet state standards but more importantly, to meet the financial literacy needs of the students.  


After you have spoken to one of the individuals below, arrangements will be made for a local bank to adopt your school. Once this occurs, a team consisting of a banker, an administrator, a teacher liaison, and the Bank at School Coordinator will meet to work out the details.

Judy Austin, Bank At School Coordinator

Dr. Bonnie Meszaros

Ronni Cohen
Rashmi Rangan | 302-824-5219 | 600 South Harrison Street | Wilmington, DE 19805 | Rrangan@dcrac.org