Lesson sheet · Module 26
The bank and financial products — accounts, deposits, deposit guarantee
The aim of the lesson
Know who holds your money and how far it is protected; pay only for services you use; read the price before you sign.
- 👧 Child: keep your money in a safe place and ask a grown-up before you sign.
- 🧑 Teenager: a bank is only a licensed institution; in the EU the guarantee is up to €100,000 per person per bank.
- 🧔 Adult:
- all accounts in one bank are added together;
- investment products are not deposits;
- the fee information document — before you sign;
- if there is a problem: first the bank, then the out-of-court body, and keep the documents.
Your step in Pecuvo: in your wallet, open a basket "Banks and accounts". For each account, note: bank, type, yearly cost (fees + card), interest rate, whether it is guaranteed, and the total in that bank (so you can see whether it stays under €100,000). Set a goal with a date — "I read the statement of fees", "I compare my accounts".
The topic (chapters of the module)
- Chapter 1 · What a bank does and what we compare it with
- Chapter 2 · Types of accounts and what they cost
- Chapter 3 · The basic payment account — everyone's right
- Chapter 4 · Deposits: how interest is calculated
- Chapter 5 · Deposit guarantee: how far the protection goes
- Chapter 6 · How to read the fee documents
- Chapter 7 · Switching accounts and comparing
- Chapter 8 · Complaints and checking the licence
For the youngest · ages 6–7
🐣 The youngest: A bank is like a big safe with lots of drawers. Everyone has their own drawer for their money. The bank writes down in a notebook how much each person has. It keeps the money safe and sends it wherever you say.
Play together (5 minutes): Make a "bank" from a shoebox with a few compartments, one for each person in the family. The child is the banker: they take in buttons, write them down in a notebook and give them back when you ask. At the end, compare the notebook with the box.
A question for the evening: "If you had your own bank, how would you look after people's money?"
A game from the catalogue: LV-09 "The bank keeps and adds a little" — https://pecuvo.eu/igri/katalog/#lv-09 (in Bulgarian)
Questions for the class — 3 per level
- 👧 1. What does money do in the bank when you are not using it? 2. Why do we ask "does it have permission?" before giving money to someone? 3. Who do you ask before you sign?
- 🧑 1. Up to how many euros is one person's deposit in one bank guaranteed? 2. What is the difference between a demand deposit and a term deposit? 3. Why do we complain to the bank first?
- 🧔 1. How is the guaranteed amount worked out if you have two accounts and a joint account in one bank? 2. What is the fee information document, and when do you get it? 3. What are the main steps and deadlines when you switch a payment account?
A 45-minute plan
- 5 min
- The question for the evening or one from “Check yourself” — what do the pupils think? No right or wrong answers.
- 15 min
- One or two chapters of the module at the level of the class (the “child · teenager · adult” buttons on the page).
- 10 min
- The game or the calculator for the topic — in pairs or on the board.
- 10 min
- The questions for the class. If you like, the open test — everyone writes down only their code.
- 5 min
- The iron principle in the pupils' own words and one small step for home.
Tools for the lesson
- The whole module on the website pecuvo.eu/en/modules/bank-and-financial-products/
- The open test (9 questions) — pupils write down only their code (e.g. K4B11), no names; the class distribution is shown on the same page pecuvo.eu/en/test/
- The Glossary — terms explained simply pecuvo.eu/en/glossary/