Format: Runs for a full academic year. Please contact MyBnk for the next available launch date.

Target group: 11-16 year olds

Group size: 10-15 MyBnkers, plus assemblies and workshops for 2 year groups

To find out more about this programme please call us on 020 7377 8770 or email info@mybnk.org 

What is it?

MyBnk-in-a-Box provides an accessible place to save regularly and interest free loans to set up enterprises.

It’s the first ever FSA approved independent online and in-school banking scheme. Run throughout the year, the bank embeds finance and enterprise learning, with structured incentivized Savings and Loans Challenges. 

The bank is run by trained MyBnkers (students) with support from our staff and Mentors (teachers). Open Days take place weekly and we facilitate MyBnker Team Meetings.

MyBnkers track all accounts online and customers can log in to check their balance and set saving goals.

Savings Accounts:

Allow students to save small amounts regularly, instilling good saving habits.

Offer students savings incentives for reaching milestones and personal goals.

Give access to advice on managing their money through MyBnker Savings Managers and the MyBnk Z-card that all savers receive

Loans Accounts:

Provide small interest free loans for young people to set up enterprises.

Support the application process that creates a mini business plan and budget. This is assessed by MyBnker Loan Managers.

Offer advice on turning their ideas into a reality through Loans Managers and the MyBnk Borrower’s Booklets that all budding entrepreneurs receive.

The Savings Challenge:

A time bound challenge that targets a selected year group and gives them the opportunity to win prizes based on the frequency of their bank visits.

Regular savers have a better chance of winning the Savings Challenge prizes including an ipod!

The Loans Challenge:

An entire year group workshop where students work in teams to apply for an enterprise loan.

Interest-free loans of up to £40 are provided by MyBnk for the best ideas (up to 7 interest-free loans can be approved).

A follow up workshop for successful applicants helps turn their ideas into reality.

A marketplace agreed with the school where students compete in selling their idea to a genuine audience

Case Study

Safina Khatun, responsible for school specialism Business and Enterprise at Woodbridge High School in Redbridge and MyBnk Mentor said:

"We’ve all been impressed at the power and potential of MyBnk’s youth led enterprise project. Our young people have made it their own and taken ownership. It’s refreshing to see people so committed to financial education".