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