Bring School Savings to your Town
Getting Started with School Savings℠
👆 Tap or click each section of the graphic to learn more.
Select a Local Bank of Credit Union
We recommend you watch the Product Tour video first, then:
- Visit your School or your Bank / Credit Union and provide the Fact Sheet.
- Ask them to support School Savings to help children learn to save.
- Review the FAQs below.
- For questions or feedback call 888-787-7728 or email info@schoolsavings.com
- Watch the Product Tour video to learn how School Savings works.
- Decide to support school banking in your town.
- Determine account type to provide.
- Designate branches to support local schools.
- Contact Schools.
- ReviewFAQs.
The School
We recommend that schools watch the Product Tour video, then contact a local bank or credit union Partner. (Download ‘Fact Sheet’) Once the school identifies their Partner, School Savings will make contact to enable the Financial Institution Partner. For more info, please see FAQs.
Students receive a statement monthly or quarterly. To reconcile it, they:
- Compare their statement to what's online at schoolsavings.com
- Add any deposits made at the bank
- Delete any withdrawals
- Add interest earned
- Confirm the balances match
Overview
School Savings is a nationwide social venture involving financial institutions, local schools and students. The bank or credit union provides free savings or checking accounts plus student incentives. The school's PTA/PTO group helps coordinate the school banking process while volunteers accept deposits at school. School Savings provides the online deposit software and electronically credits the students' accounts through the Federal Reserve Bank eliminating manual posting and reconciliation.