What do Banks & Building Societies do?

Banks and Building Societies are like friendly helpers that help you save your money or borrow it when you need it.

Imagine you have a piggy bank at home, that’s kind of what a Bank does, but for bigger amounts. When you give your money to the Bank, they keep it safe for you. Sometimes, they even give you a little extra as a thank-you, like a sticker on your piggy bank!

If you need more money than you have in your piggy bank, maybe to buy a new toy or go on a trip, the Bank can lend you some. You promise to pay it back later, and sometimes you give them a small gift (like a chocolate bar) for helping you out.

A Building Society is like a special kind of Bank that focuses more on helping people buy homes. They might give you money to build or buy a house, just like how your parents help you when you're building a treehouse!

Both Banks and Building Societies are like the grown-up version of your piggy bank, but they’re much bigger and can help with lots of things!