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Personal Finance Education
                           Outline Lesson Plan
                  Opening and Managing a Bank Account

Key Stage 3                 Unit 1                     Duration: 50 minutes

Learning Objectives
Financial Knowledge        Financial Skills           Financial
Students learn about the   Students learn how to      Responsibility
services that bank         open and use a bank        Students become aware
accounts provide           account                    of the benefits of using
                                                      bank accounts


Resources
•   MoneySense – Bank On It:
http://moneysense.rbs.co.uk/rbs/11to14/bankonit/its_your_turn_to_get_bankin
g.asp?
page=MONEYSENSE/11_TO_14/BANK_ON_IT/ITS_YOUR_TURN_TO_GET
_BANKING
http://moneysense.natwest.com/schools/students/managing-your-
money/what-is-banking
•   Paying in slips hand out
“What do Banks Do?” quiz - PowerPoint presentation

Starter
http://moneysense.natwest.com/schools/students/managing-your-
money/what-is-banking/what-do-you-think

Show video clips and discuss


Main
What is banking?
http://moneysense.natwest.com/schools/students/managing-your-
money/what-is-banking/case-study-pros-and-cons


• Case study: pros and cons.
-Students identify pros and cons for buying and MP3 player, opening a bank
account and putting money in a locked box
-Your suggestion – class vote to decide what advice to send Joe
 -Joe’s decision - Watch clip. Joe decides to open a bank account. Discuss
the benefits of bank accounts, highlighting key words.

•   Opening a bank account – students individually practice filling out a
    Current Account application form (form can be printed from website)
http://rbsmoneysense.co.uk/rbs/11to14/bankonit/using_an_atm.asp?
page=MONEYSENSE/11_TO_14/BANK_ON_IT/ITS_YOUR_TURN_TO_GET
_BANKING/USING_AN_ATM

•   Using an ATM – follow instructions at ATM as a class. Discuss the
    services available at ATM using prompts linked to each button. May be
    appropriate to discuss the importance of concealing your PIN.

•   Filling in a paying in slip – students individually practice filling in a paying
    in slip. (Print individual slips but display slip on whiteboard as text is
    unclear on print out). Select students to drag/teacher drags elements to
    correct place to view completed slip.

Internet Banking – students write down customer number, PIN number and
password. Students to write down the appropriate character to be entered at
each stage and the amount in the account.

Plenary
Whole class activity: “What Do Banks Do?” See Quiz (PP slides)
or Use online quiz
http://moneysense.natwest.com/schools/students/managing-your-
money/what-is-banking/what-is-banking-quiz

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Opening and managing a bank account

  • 1. Personal Finance Education Outline Lesson Plan Opening and Managing a Bank Account Key Stage 3 Unit 1 Duration: 50 minutes Learning Objectives Financial Knowledge Financial Skills Financial Students learn about the Students learn how to Responsibility services that bank open and use a bank Students become aware accounts provide account of the benefits of using bank accounts Resources • MoneySense – Bank On It: http://moneysense.rbs.co.uk/rbs/11to14/bankonit/its_your_turn_to_get_bankin g.asp? page=MONEYSENSE/11_TO_14/BANK_ON_IT/ITS_YOUR_TURN_TO_GET _BANKING http://moneysense.natwest.com/schools/students/managing-your- money/what-is-banking • Paying in slips hand out “What do Banks Do?” quiz - PowerPoint presentation Starter http://moneysense.natwest.com/schools/students/managing-your- money/what-is-banking/what-do-you-think Show video clips and discuss Main What is banking? http://moneysense.natwest.com/schools/students/managing-your- money/what-is-banking/case-study-pros-and-cons • Case study: pros and cons. -Students identify pros and cons for buying and MP3 player, opening a bank account and putting money in a locked box -Your suggestion – class vote to decide what advice to send Joe -Joe’s decision - Watch clip. Joe decides to open a bank account. Discuss the benefits of bank accounts, highlighting key words. • Opening a bank account – students individually practice filling out a Current Account application form (form can be printed from website)
  • 2. http://rbsmoneysense.co.uk/rbs/11to14/bankonit/using_an_atm.asp? page=MONEYSENSE/11_TO_14/BANK_ON_IT/ITS_YOUR_TURN_TO_GET _BANKING/USING_AN_ATM • Using an ATM – follow instructions at ATM as a class. Discuss the services available at ATM using prompts linked to each button. May be appropriate to discuss the importance of concealing your PIN. • Filling in a paying in slip – students individually practice filling in a paying in slip. (Print individual slips but display slip on whiteboard as text is unclear on print out). Select students to drag/teacher drags elements to correct place to view completed slip. Internet Banking – students write down customer number, PIN number and password. Students to write down the appropriate character to be entered at each stage and the amount in the account. Plenary Whole class activity: “What Do Banks Do?” See Quiz (PP slides) or Use online quiz http://moneysense.natwest.com/schools/students/managing-your- money/what-is-banking/what-is-banking-quiz