NEW YORK—A high school student-run Capital One Bank branch opened on April 19 at Thurgood Marshall Academy in Harlem, New York.
Ten students enrolled in the Capital One Bank Student-Run Branch program to provide bank saving products and services to administrators, teachers, and other students under the management of Capital One bankers, according to a Capital One release.
“In these tough economic times, we want to teach our youth how to prepare for their future. Now more than ever, financial literacy, as well as fiscal management and responsibility are considered key building blocks to success, not just for students, but for us all. Through this project, we are providing our youth with critical skills and practical experience required to succeed in the real world,” said Treasurer of the United States Rosie Rios in a statement.
The student-run bank branch is a partnership program between Capital One Bank, the Abyssinian Development Corporation (ADC), and the Harlem school.
According to the senior director of External Bank Communications of Capital One Bank, the interns work three days a week from 11 a.m. to 3 p.m. at the in-school branch. The program is structured to provide students with a heavier course load in the morning and lighter schedule in the afternoon. Their grades are monitored to ensure the students keep up with the work they miss during the time they work at the bank.
Every student signs up for the program on the understanding that they have to be responsible and maintain their grades.
ADC is a nonprofit organization founded by Abyssinian Baptist Church in 1989. It played a large role in developing the Harlem community by bringing quality affordable housing, leading commercial development, and advancing education.
“Working with our partners at the Abyssinian Development Corporation and Thurgood Marshall Academy, our goal is to bring an effective and sustainable financial education program to the Harlem community,” Lynn Pike, president of Capital One Bank said in the press statement.
Capital One ran its first student-run branch in 2007 at the Fordham Leadership Academy for Business and Technology in the Bronx and in 2008 at West Side High School in Newark, N.J.
To obtain the necessary experience, students work at Capital One Bank branches in the summer as tellers and customer service representatives prior to operating the branch in their school, the bank said.
Besides the hands-on experience, the student-bankers attend a Capital One training center and receive two weeks of teller training.
The interns’ responsibilities also lie in teaching the students at their school the importance of managing money.
“This truly unique experience helped me to attain responsibility, wisdom in the workforce, and a strong grasp on the concept of financial literacy,” said Matthew Reyes, a participant in the program. “I was challenged to push myself further, allowing me to grow not only as a student or employee, but as an adult.”
Ten students enrolled in the Capital One Bank Student-Run Branch program to provide bank saving products and services to administrators, teachers, and other students under the management of Capital One bankers, according to a Capital One release.
“In these tough economic times, we want to teach our youth how to prepare for their future. Now more than ever, financial literacy, as well as fiscal management and responsibility are considered key building blocks to success, not just for students, but for us all. Through this project, we are providing our youth with critical skills and practical experience required to succeed in the real world,” said Treasurer of the United States Rosie Rios in a statement.
The student-run bank branch is a partnership program between Capital One Bank, the Abyssinian Development Corporation (ADC), and the Harlem school.
According to the senior director of External Bank Communications of Capital One Bank, the interns work three days a week from 11 a.m. to 3 p.m. at the in-school branch. The program is structured to provide students with a heavier course load in the morning and lighter schedule in the afternoon. Their grades are monitored to ensure the students keep up with the work they miss during the time they work at the bank.
Every student signs up for the program on the understanding that they have to be responsible and maintain their grades.
ADC is a nonprofit organization founded by Abyssinian Baptist Church in 1989. It played a large role in developing the Harlem community by bringing quality affordable housing, leading commercial development, and advancing education.
“Working with our partners at the Abyssinian Development Corporation and Thurgood Marshall Academy, our goal is to bring an effective and sustainable financial education program to the Harlem community,” Lynn Pike, president of Capital One Bank said in the press statement.
Capital One ran its first student-run branch in 2007 at the Fordham Leadership Academy for Business and Technology in the Bronx and in 2008 at West Side High School in Newark, N.J.
To obtain the necessary experience, students work at Capital One Bank branches in the summer as tellers and customer service representatives prior to operating the branch in their school, the bank said.
Besides the hands-on experience, the student-bankers attend a Capital One training center and receive two weeks of teller training.
The interns’ responsibilities also lie in teaching the students at their school the importance of managing money.
“This truly unique experience helped me to attain responsibility, wisdom in the workforce, and a strong grasp on the concept of financial literacy,” said Matthew Reyes, a participant in the program. “I was challenged to push myself further, allowing me to grow not only as a student or employee, but as an adult.”
