Wednesday, May 12, 2010

Zachary's 1st Bank Account

Zachary runs all of my errands with me...daily.  Because of Kevin building a new office we are always at the bank dropping things off.  Zachary has been asking about how he can get his "own" bank account.  Last week when we were in the bank Melissa asked if Zachary had a "Looney Toons" account. I said no and began asking for information. Basically a Lo.oney.Too.n account is a childs account that has no banking fees with a minimal deposit of $1.  The child will get a toy with every deposit they make.  It's a great way to encourage kiddos to save their money and deposit it at the bank.

 Today was Zachary's day to take all of his money from his piggy banks into the bank. Another request of Zachary was that "Uncle" Keran must be present to take his money.  He did not want to give it to just anybody...it had to be Keran.  Luckly with a little arranging Keran was present and helped Zachary open his first banking account.   Keran took Zachary up to the counter and let him watch Erin put the change into the coin counter.  Zachary thought that was awesome!  After he was done he picked out a cool toy that has entertained him all day long.  I have a feeling Zachary is going to want to stop by the bank every day to drop off a handful of pennies so that he can get a toy. HA! Oh and the final count on the money was $103.40. I could not believe that he has saved that much money in his piggy banks.  I guess its enough for 4 tanks of gas when he turns 16....by that time it might just be 2 tanks of gas. 

2 comments:

Anonymous said...

Hilary, this is awesome! I'm going to look around and see if any of the banks around here have this. Hopefully, cars won't need gas by the time our kids are driving. ;)

Mommy said...

What a cute idea! What bank was it? I wonder if our bank has something like that... A great way to get kids to save!