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Stallions 1st Bank

Bank at School

This is a “Partners in Education” program called Bank at School. Citizens National Bank has created an in-school bank operated by the students of Stockwell Place Elementary. The banking dates occur once a month beginning in September and ending in May with the exception of December. 

 

This program teaches children the importance of saving their money versus spending it right away. It also teaches the concept of “watching your money grow” by earning interest. Furthermore, those students employed as a “bank employee” learn the importance of how to be a professional in the workplace. For participating in the program, each child will receive a bank at school t-shirt to wear on each banking day and a money holder to put their savings in. 

Frequently Asked Questions

 

  • WILL MY CHILD RECEIVE A SAVINGS PASSBOOK?

Yes, he or she will receive a passbook to keep track of their deposits, interest and balance which will be kept in the classroom.

  •  WHEN WILL STUDENTS RECEIVE THEIR SAVINGS ACCOUNT CHECK?

Students will receive their savings account check on the final bank at school day which will be May 2013.

Students and parents may elect to transfer their account to a regular savings account at any of our locations

  • WHERE CAN THE CHECKS BE CASHED?

The checks can be cashed where you bank or at a Citizens National Bank. Call 747-6000 for a location near you.

  • HOW MUCH INTEREST WILL THIS ACCOUNT EARN?

 WSJ prime interest (currently 3.25%) on student saving account only.

Terms and Conditions

 1. Stallions 1st Bank will be open for business once a month except the month of December.

 
2. The minimum deposit allowed will be $1.00 and a maximum allowed deposit will be $100.00 per month. Each child’s passbook will be updated to reflect their deposits and balance including interest. 
 
3. Cash preferred but checks are accepted.
 
4. Large amounts of coin may be taken to the Main Office of Citizens National Bank, 2711 East Texas Street, Bossier City. Let the teller know you are with Stallions 1st Bank and get the deposit receipt and present that to the bank at school teller to receive credit to your account at the next banking day.
 
5.Withdrawals will only be given at the close of the account at the end of May. Exceptions will only be allowed in the case of an emergency, i.e. changing schools or family hardship, etc. Parents must contact school in writing for withdrawals prior to final deposit of the year.
 
6. Stallions 1st Bank will accept the final deposit in April and checks will be disbursed in May.
 
7. All deposits to Stallions 1st Bank will be transferred to an interest-bearing account at Citizens National Bank. All interest earned on the account will be allocated to the individual depositors based on their respective average monthly balance and the current interest rate.
 
8. Uniform accounting procedures will be followed by the Stallions 1st Bank to ensure the safety and accuracy of the savings program.