School Logo

Goldfield Infants' & Nursery School

Building Learning Power   Together!
|Animated Gold Pound Sign

Title Writing for My Money March 2018

|Animated Gold Pound Sign

 

Business visit to Natwest Bank

Photograph of My Money March Business visit to Natwest Bank

Goldfield's first 'My Money March' group visit local business Natwest Bank. During their visit they find out about Natwest Tring branch, the service it provides to customers and how it makes money.

Photograph of My Money March Business visit to Natwest Bank Photograph of My Money March Business visit to Natwest Bank
Photograph of My Money March Business visit to Natwest Bank Photograph of My Money March Business visit to Natwest Bank
Photograph of My Money March Business visit to Natwest Bank Photograph of My Money March Business visit to Natwest Bank
Photograph of My Money March Business visit to Natwest Bank Photograph of My Money March Business visit to Natwest Bank

Photograph of My Money March Business visit to Natwest Bank

Arriving at the bank the first thing you see are the customer counters.

Photograph of My Money March Business visit to Natwest Bank

Customers can pay money into their bank account or take money out!

Customers used to visit their bank regularly to pay money in and get money out of their accounts. Businesses would visit daily to pay money in before the bank closed so that it could reach their account as soon as possible.

Photograph of Bank

Banking in the past

Photograph of My Money Week

Modern Banks

Photograph of Money

Customers used mostly cash to pay for items.....

Photograph of Cheque Book

.... or payments would be made by writing a cheque. These methods of payment are still used today but many people pay electronically for items.

Photograph of Bank Account

Today customers can pay for items using their computer, they can transfer money from their account into someone else's this is called 'online banking'.

Photograph of Cash Point

Customers can get cash out of their bank account using a cash machine but to do this they need a bank card.

photograph of Debit Card

This bank card has a micro-chip (the silver square). When it is placed into a card reader customers can enter thier pin number which allows them to pay for things.

Photograph of Payment by Card

This is a card reader have you ever seen one being used? You will find them being used in banks, shops, restaurants pertrol stations and many more places.

 

Sadley with so much banking now being done online Natwest Tring branch will be closing in June this year. Customers wishing to pay in money or take money out of their account will have to visit Natwest Berkhamstead or Aylesbury, or make their transactions at the Post Office.

We were keen to find out how much money Natwest kept in their safe? But this is a secret! We did learn how much money is in the cassettes in the cash machine (we even got to see inside the cash machine). Working in the bank you have to do some tricky mathematics. We tried some calulations ourselves and learnt about interest. Interest is paid by customers on money borrowed from Natwest as well as the bank paying interest to customers that save their money with Natwest.

Photograph of My Money March Business visit to Natwest Bank Photograph of My Money March Business visit to Natwest Bank
Photograph of My Money March Business visit to Natwest Bank Photograph of My Money March Business visit to Natwest Bank
Photograph of My Money March Business visit to Natwest Bank Photograph of My Money March Business visit to Natwest Bank
Photograph of My Money March Business visit to Natwest Bank Photograph of My Money March Business visit to Natwest Bank
Photograph of My Money March Business visit to Natwest Bank Photograph of My Money March Business visit to Natwest Bank
Photograph of My Money March Business visit to Natwest Bank Photograph of My Money March Business visit to Natwest Bank
Photograph of My Money March Business visit to Natwest Bank Photograph of My Money March Business visit to Natwest Bank

 

Photograph of My Money March

We looked at our currency, comparing it's size and value. Then counted £1,000 in £20 notes! We also compared £1,000 of £20 notes and £1,000 of £50 notes.

Photograph of My Money March Business visit to Natwest Bank Photograph of My Money March Business visit to Natwest Bank
Photograph of My Money March Business visit to Natwest Bank Photograph of My Money March Business visit to Natwest Bank
Photograph of My Money March Business visit to Natwest Bank Photograph of My Money March Business visit to Natwest Bank
Photograph of My Money March Business visit to Natwest Bank Photograph of My Money March Business visit to Natwest Bank
Photograph of My Money March Business visit to Natwest Bank Photograph of My Money March Business visit to Natwest Bank
Photograph of My Money March Business visit to Natwest Bank Photograph of My Money March Business visit to Natwest Bank

Photograph of My Money March Business visit to Natwest Bank

What would happen if a note was damaged? Could it still be used?

Photograph of My Money March Business visit to Natwest Bank

Yes, as long as there is two thirds of the note it can be used. But you must be able to see the security numbers which are in two different places on the note.

Photograph of My Money March Business visit to Natwest Bank Photograph of My Money March Business visit to Natwest Bank

 

Photograph of My Money March

Photograph of My Money March Business visit to Natwest Bank

Natwest's USP (unique selling point) is the services it provides to it's customers and the advice it gives them.

Photograph of My Money March Business visit to Natwest Bank Photograph of My Money March Business visit to Natwest Bank

Photograph of My Money March Business visit to Natwest Bank

Thank You Animation What an amazing and interesting morning we have had visiting the bank!

Animation of Falling Money

Back to My Money March Index Page

|Animated Gold Pound Sign Animated Words Money Money Money |Animated Gold Pound Sign

 

 

Photograph of a Buttercup

Christchurch Road, Tring, Hertfordshire HP23 4EE

Tel: 01442 823551 Email: admin@goldfield.herts.sch.uk

Headteacher: Mrs Debora Stevens