Plan Thailand partners with schools for 3 years to implement the Student Bank Program, after which the school is responsible for maintaining the program on its own. The program encourages good savings practices among youth, families, and communities by helping students develop financial literacy skills. The program targets areas with at-risk populations, especially stateless people, ethnic minorities, and those living with HIV/AIDS. Many of these communities have substantial debt and live as far as 50 kilometers from the nearest bank. The school banks are made accessible to the entire community.
Students who participate in the Student Bank Program receive business and financial literacy skills training. They then form small groups to develop business plans and proposals and receive guidance from Plan to run these small businesses. Of the participating students in each school, about 40 are trained to be core leaders. These student leaders run the bank and promote financial awareness among their peers while developing teamwork and leadership skills. Plan partners with local commercial banks (where available) to transfer money from the school banks. Plan designs and provides the internet banking software, as well as computers for schools where none are available. The program trains teachers and staff at each school to assist students and use the online software.
In some schools, the Student Bank Program also includes disaster preparedness training.