How to Open a Bank Account Lesson

A lesson for students on the essentials of opening their first bank account, whether they’re a student, headed to college, or starting a job. This guide offers insights on choosing the right bank, understanding account types, mastering digital banking, and exploring top financial apps for budgeting and investing.

Students learn the essentials of setting up a solid financial foundation through this video. It delves into the importance of having a bank account, highlighting the distinctions between regular checking and savings accounts. Students are also guided in deciding between a conventional brick-and-mortar bank and an online banking platform. Furthermore, the tutorial provides insights into the required documentation for account creation, along with effective strategies for navigating digital banking securely and proficiently.


Use this video lesson on the topic of banking basics. Learn related concepts of:

  • Bank Accounts
  • Financial Independence
  • Online Banking
  • Debit Card Safety
  • Financial Apps
  • Budgeting
  • Money Management
  • Savings
  • Electronic Banking
  • Financial Responsibility
  • Spending Plans
  • Identity Protection
  • Account Management
  • Financial Tools Usage
  • Financial Decision Making


7-12th grades. Middle School. High School. College. Adult Education.


45-60 minutes. It may be necessary to adjust the lesson plan and allocate more or less time to certain topics, depending on the needs and interests of the students.


Hand out the worksheet below (see the GET LESSON button near the bottom of the page).

Show students the video and have and have them complete the worksheet.  Review the questions on the worksheet.  A more comprehensive and detailed lesson plan can be accessed below for further instruction and study.

How to Open a Bank Account

After watching the video, have students tell what the most important things they learned from the video.


Lesson Plan: Opening and Managing a Bank Account

Objective: Equip students with the knowledge to open and manage a bank account.

Part 1: Video Review and Discussion

Video Title: “How to Open a Bank Account”

  • Discuss the importance of a bank account in managing funds and achieving financial independence.
  • Explore the types of bank accounts, comparing traditional and online banks.
  • Outline the requirements for opening a bank account.
  • Emphasize the need for research before choosing a bank.
  • Delve into digital banking, debit card safety, budgeting, and financial apps.

Discussion Questions:

  • Why is having a bank account crucial for financial independence?
  • How do traditional banks differ from online banks?
  • What are some considerations when selecting a bank?
  • Why is digital banking becoming more prevalent?
  • How can one ensure the safety of their debit card and bank account?


  • Group Activity: Break students into groups and assign each group a bank. They must research the bank’s checking and savings account features and present their findings.
  • Role Play: Have students simulate a bank consultation where one is a banker and another is a new customer wanting to open an account.
  • Quiz: After discussing the video, administer a quiz to test their understanding of the content.


Part 2: AI Chatbot Interaction

Objective: To reinforce the concepts covered in the video and provide students with a hands-on, interactive experience using AI technology.

Introduction: (5 minutes)

  • Introduce the concept of AI and chatbots.
  • Highlight the aim of this activity: interaction with an AI chatbot designed to question about the video’s content.

Instructions: (20 minutes)

  • Demo: Show how to access and initiate a conversation with the AI chatbot.
  • Interact: Students individually engage with the chatbot on their devices.
  • Take Notes: Students jot down challenging questions or unfamiliar topics.
  • Time Management: Allocate 10-15 minutes for chatbot interaction.

Group Discussion: (15 minutes)

  • Post-interaction, gather feedback on the chatbot’s questions. Discuss what was easy or challenging.
  • Encourage peer learning by having students discuss their answers and clarify doubts.
  • Discuss the role of AI technology in modern finance.

Assessment and Feedback: (10 minutes)

  • Students submit a reflection on their chatbot experience.
  • Provide feedback, emphasizing continuous learning in personal finance.


  • Offer resources on AI in banking, such as fraud detection and customer service.
  • Propose a project where students create chatbot questions and answers on personal finance topics.

By combining video learning with AI chatbot interaction, students gain a comprehensive understanding of banking essentials and the technologies transforming modern finance.

Lesson Resources

MI Chat Chatbot Tool

  • Open Bank Account questions with MI Chat Chatbot – Use the MI Chat chatbot to test your students’ understanding of the lesson. The MI Chat chatbot is an interactive platform designed to deepen understanding of various subjects, aligning with specific queries and thoughts. Offering personalized insights, it directs users toward a clearer grasp of topics, ensuring they match their learning pace, knowledge level, and cognitive goals.

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One thought on “How to Open a Bank Account Lesson”

  1. I like that you talked about letting students learn the essentials of having a financial foundation and the importance of having a bank account as well as the differences between each type. This is not something that I learned when I was younger, so I have no idea how to open a checking account or the savings type. Because of that, I would need to do my research first before I can go to any bank and choose an option for myself in order to handle my money better if I have a goal when it comes to my finances.

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