Start a School Bank with FDIC-Insured Saving Deposits

School Savings credits deposits electronically avoiding manual posting.

students with funny legs

Overview

School Savings is a cooperative venture between a local financial institution and it's community schools. The financial institution provides the free saving account and student incentives while the school's PTA/PTO group manages the school banking process. School Savings provides the online deposit software and electronically credits the students' accounts through the Federal Reserve Bank.

For Banks and Credit Unions

Select a local school and notify School Savings of your intent to implement at support@schoolsavings.com. All School Savings accounts are at the sponsor institution.

Send Account Enrollment Packets home with students. Sponsors may offer saving and or checking accounts. Accounts may be in the name of the student or be a more traditional custodial account.

Ask the PTA/PTO President to select Volunteers to collect student deposits and deliver them to a participating bank branch. Request Volunteer training from School Savings.

Request and sign a School Savings Agreement. Receive School Savings login credentials. 888-787-7728 | CONTACT: support@schoolsavings.com

Offering small savings incentives and having contests makes saving fun! Advertise your First Deposit Day CONTEST to students, parents and the media to FIRE-UP participation.

For Schools

Call 888-787-7728 or email support@schoolsavings.com to receive assistance in finding a local financial institution sponsor.