Save For America is a school-based savings program sponsored by a bank but run by adult volunteers. Its purpose is to reinstall the savings habit in America's youth.
Bank day is before school once a week.
To make a deposit, students bring their money and savings register on Bank Day. Using the internet and with adult supervision, students key in their deposit on the school's Macintosh or IBM computer. Save for America converts the deposits into an account file through the Federal Reserve Bank. The bank does no Data processing. Making a deposit is not enough to firmly establish the savings habit in the minds of American children.