Pamalicious
08-27-2004, 06:41 AM
The fifth graders at my daughters school are participating in the Washington Mutual's School Savings Program which is part of the WaMoola for L.I.F.E. (Lessons in Financial Education).
See if this is available in your school! Here is the brochure (obviously I don't want to work today, lol)
Are there any fees?
There are no monthly fees for School Savings accounts. We waive the fee on this account fo children under 19
How deos my child get started?
you adn your child fill out the Master Account Agreement form, and they bring it to the school. On enrollment day Washington Mutual makes the first deposit of 25 cents, so please don't have your child bring any money on Enrollment Day
What happens then?
Every week, your child's school will have a bank day. On Bank Day, you child can bring either cash or checks to deposit inot his or her accounts. Checks should be made payable to your child.
Where can my child go to make a withdrawal?
Studens can make withdrawals at any Washington Mutual Financial Center.
Can I withdraw money for my child?
This account is solely owned by the student, so parents may NOT withdraw money from their childs account.
Will Washington Mutual mail anything to my child directly?
Yes, your child will receive an initial mailing with his or her account number and important account information. You child will also receive a bank statement every quarter.
This program also includes Money Management classes.
I read all the fine print and my daughter is very excited and will be depositing 10% of her allowance and b'day money etc. (I'm gonna stop taking it all, lol)
Of course she's real excited that she has to go do her own banking, lol I can't get into the account. We real the literature together and she filled out the form and signed it.
See if this is available in your school! Here is the brochure (obviously I don't want to work today, lol)
Are there any fees?
There are no monthly fees for School Savings accounts. We waive the fee on this account fo children under 19
How deos my child get started?
you adn your child fill out the Master Account Agreement form, and they bring it to the school. On enrollment day Washington Mutual makes the first deposit of 25 cents, so please don't have your child bring any money on Enrollment Day
What happens then?
Every week, your child's school will have a bank day. On Bank Day, you child can bring either cash or checks to deposit inot his or her accounts. Checks should be made payable to your child.
Where can my child go to make a withdrawal?
Studens can make withdrawals at any Washington Mutual Financial Center.
Can I withdraw money for my child?
This account is solely owned by the student, so parents may NOT withdraw money from their childs account.
Will Washington Mutual mail anything to my child directly?
Yes, your child will receive an initial mailing with his or her account number and important account information. You child will also receive a bank statement every quarter.
This program also includes Money Management classes.
I read all the fine print and my daughter is very excited and will be depositing 10% of her allowance and b'day money etc. (I'm gonna stop taking it all, lol)
Of course she's real excited that she has to go do her own banking, lol I can't get into the account. We real the literature together and she filled out the form and signed it.