Some of its funding is received from the U.S. Department of Education. In Minnesota, the State Treasurer is taking an active role in encouraging banks, schools, and parent organizations to participate in this excellent program. All Americans agree that the future economic strength of this country is dependent upon our citizens learning how to conserve our resources, including saving money. This program helps grade school children make saving a habit. The program is also supported by the Minnesota Bankers Association, the Independent Bankers of Minnesota, the Minnesota PTA, and the Minnesota School Principals Association.
Bank day is before school once a week.
To make a deposit, students bring their money and savings register on Bank Day. Using Save for America software, and with adult supervision, students key in their deposit on the school's Apple or IBM computer. The Save For America data disk goes to the bank for processing. At the bank, a special program checks the disks for accuracy and prepares the deposits to be sent to the bank's mainframe computer or service bureau. Making a deposit is not enough to firmly establish the savings habit in the minds of American children.