Walthamstow school girls throw open their own bank for fellow pupils

By in Education

SCHOOLGIRLS have thrown open the doors of their very own bank.

Students at Walthamstow School for Girls, in Church Hill, Walthamstow, have been trained by the charity MyBnk to get fellow pupils into good financial habits.

The pupils offered accounts and loans of up to £40.

Using real money, the bank opens once a week every lunchtime and is accessible online.

Scores of young people deposited over £100.

Maths teacher, Marianna Philippou, said: “We believe that our girls should understand how banks work and understand how to manage their personal finances.

“We try to build in transferable and lifelong skills in students that they will use in their everyday lives as well as ensuring that they achieve the very best academic achievements they can”.

The young volunteers are to decide who to invest in and run incentivised saving and business start-up drives.

This is backed this up with financial education workshops covering everything from tax and pensions to student finance and social enterprise.

Opening accounts on launch day were the Mayor of Waltham Forest, Councillor Saima Mahmud and charity patron, broadcaster and campaigner June Sarpong.

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