Richardson ISD is opening a bank in partnership with Credit Union of Texas at Berkner High School and STEM Academy that will be open to the general public,...
Navigating all that without a bank account often drives people to manage their money in less secure ways like cashing checks with payday lenders or pawnshops. It leaves some in our communities more vulnerable to exploitation and financial failure.
Learning about finance through a bank in school can help prevent that outcome — and it will teach students in a hands-on, practical way that may even help unbanked parents and other family members. The students working in the branch will be trained by a bank manager to provide key services like opening accounts and cashing checks, an RISD official said. Pairing a physical location with on-the job education and classroom learning can improve engagement and retainment.
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