I agree with the other poster that this would be a lot of work for someone to do on a weekly basis.
How about doing this somewhere in the middle...Like the PTO could get bank accounts established for all of the children, but from there it is the parents job to maintain putting the money in.
You figure that only parents interested in doing it for their kids would be the ones signing on to have the PTO establish the account for them.
I cannot imagine dealing with this. We have 750 students at our school.
I personally have opened savings accounts for my kids when they were each about 6 weeks old.
As a parent, I wouldn't want to have to worry about having to send money in to school and making sure that my son gave it to his teacher, who would give it to the PTO.
Sounds like WAY too much work.
I've been approached by a local bank about starting up a weekly banking account for all students. Their parents would fill out paper work , accounts would be set up and every week on whatever day we agree on, the parents can send in anywhere from .25 and up to put into their child's bank account. PTA would have to run this program(collecting the envelopes and bringing them to the bank). A monthly statement would be sent to each chiild.
Has anyone ever done this? If so is it as easy as it sounds? pros & cons please?
