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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

To object to school opening a bank account for all pupils unless we "opt out"?

76 replies

Asinine · 08/03/2011 10:41

Our school, like most schools, regularly produces crazy missives designed to wind up, irritate and stress out parents. The stuff of many past AIBU threads : dressing up at short notice, baking, sponsored events, template generated report cards, adverts for expensive activities and outings etc. I thought I'd developed an immunity to it all now I'm on dc4, just try not to read it and throw it in the recycling or pay up when unavoidable. Grin

but this has got me Angry Angry

The infant school is opening a savings account with a local credit union in your child's name unless you sign a form to opt out. The children bring money to school on a certain day, and can withdraw it on a certain day. There is no mention of interest rate, which is not the point but still strange.

Oh and they get a free money box and £2 to start.

I don't see why the school thinks it should be interfering with how we handle money at home. The government already opened an account for her when she was born. If I got a letter eg from Halifax saying "we've opened a bank account for you unless you opt out in the next three days, btw interest rate information is not available" I would be Hmm
The juniors do this already, but it was an opt in which was more aceptable (throw letter away as normal).
So my dc will feel left out because she won't get a money box etc or a sticker for being a "good saver". Which makes her a bad non saver, I suppose.
So AIBU to object to having to opt out of this scheme?
Or is it just PMT?

OP posts:
starfishmummy · 08/03/2011 16:37

I'm old enough to remember the fashion for schools to have savings accounts or to sell post office saving stamps when I was there.

I think if my childs school was opening accounts with a commercial bank then I would be annoyed too, but credit unions are a bit different. They are set up by people/for people with something in common and I don't think they make profits in the same way (obviously some so they can pay interest).

But for the sakle of letting the child have the money box/not feeling left out I think I would just put the £2 in and then not any more!

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