[Simple Talk] Primary school requires students to open bank cards and deposit money at designated banks

by yeydjdka on 2012-03-07 15:05:48

China Radio International, Beijing, February 19 - According to the News纵横program, "Why would a primary school student need a bank card? And it has to be opened under their own name. They are also required to deposit their lucky money and pocket money into the card."

As the new semester begins, parents of students at Baolian Primary School in Yiwu, Zhejiang Province have encountered a new issue. Their children said that teachers require them to open a bank account and deposit money, and they must do so at a designated bank. Some parents questioned why children, who can't even manage a "school communication service" properly, need to open an account at a school-designated bank. Is the school helping the bank increase revenue? The school responded by saying this makes it easier for parents to pay fees and for the school to collect them. A relevant bank official stated that opening an account helps children learn financial management.

[Commentary] Whether it is helping children manage finances or helping banks manage finances is actually obvious. In recent years, many merchants have been very enthusiastic about collaborating with schools to launch exclusive services like student bank cards. Under the guise of "serving students and parents," they treat them as easy targets. However, while Tang Monk had three disciples to protect him, what has the school, which should be safeguarding the interests of students and parents, actually done?

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