A savings account designed for educational costs only.
Withdrawals can only be made upon receipt of a letter or
invoice from a school.
A BSP bank cheque is made out in favour of the school.
Only personal accounts may be opened.
BSP agencies are not permitted to open accounts or
to make withdrawals but may accept deposits.
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Features
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- Minimum opening balance is $5.00
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Benefits
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- No bank cheque fee
- Deposits may be made at anytime
- Interest is calculated daily and paid monthly.
- Periodical payments can be made directly from
a salary account to a School Fees Savings account
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