16-19 19-25 30 minutes

Choosing and managing your bank accounts

This activity pack explores the different types of bank accounts available to young people, as well as the factors to consider when deciding which to choose. The session presents a number of case studies to encourage participants to apply what they’ve learnt about bank accounts in a relevant, practical way. It also highlights the importance of checking statements regularly, including the risks and consequences of not being vigilant enough.

Learning outcomes

By the end of this lesson, participants will be able to:

  • Identify and explain the features of different types of bank account
  • Understand the considerations they need to bear in mind when choosing a new bank account
  • Demonstrate practical examples and tips on how to choose the right bank account for different situations
  • Understand the importance of checking bank statements regularly as part of their personal bank account management
  • Explain what is included in a bank statement and how to read it

To access worksheets for all twelve activity packs in one place, use our ‘Setting yourself up for financial independence’ workbook.

Other LifeSkills lessons are also suitable for use with care leavers to support them on their employability journey, here are some to get started with:


Curriculum tags


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Choosing and managing your bank accounts

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Choosing and managing your bank accounts

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Bank account comparison

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Workbook

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