What are bank accounts?

A bank account is like a special piggy bank at a store that you can use anytime.

Imagine you have a toy box where you keep all your favorite toys. A bank account is like that toy box, but instead of toys, it holds your money. When you put money in the toy box, you’re saving it for later. When you take money out, you're using it to buy something fun.

A bank is like a big toy store with many piggy banks. When you open an account, you get your own special piggy bank, or account, at that store. You can put money in it by giving some of your coins or bills to the bank. Later, if you need more money for ice cream or a new game, you can take some out.

Bank accounts are like having a helper who keeps track of your money. If you lose your wallet, your helper, the bank, still knows how much money you have saved. You can even ask the bank to send you money from far away, like when you’re playing with friends at school and want to buy snacks together!