STUDENTS POCKET MONEY SCHEME
PROPOSED
INTRODUCTION
FUNDING THE ACCOUNT
Funding the LOCAL BANK for Students transactions within the school can be done using our e-payment platform channels like Interswitch Paydirect Bank branch Collections or Paystack payment System.
SPENDING FROM THE ACCOUNT
Upon receipt of a withdrawer’s booklet issued by the college, a student is expected to proceed to the college general store (when he wants to buy anything from the college), fill the required fields, endorse and submit to the officer in charge of the store for transactions. All financial transactions are usually logged on the server for onward real time transmission to parents .
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It's a cashless society that will operate Federal Science and Technical College Uromi ; if above scheme is fully implemented. The College PTA will have mini-bank where student's Pocket Money is paid into, using the school web payment platform. In the scheme, every student is issued a withdrawers booklet with a configured and unique 4-digit code used as account number on the system for financial transactions while in the college premises.
FUNDING THE ACCOUNT
Funding the LOCAL BANK for Students transactions within the school can be done using our e-payment platform channels like Interswitch Paydirect Bank branch Collections or Paystack payment System.
SPENDING FROM THE ACCOUNT
Upon receipt of a withdrawer’s booklet issued by the college, a student is expected to proceed to the college general store (when he wants to buy anything from the college), fill the required fields, endorse and submit to the officer in charge of the store for transactions. All financial transactions are usually logged on the server for onward real time transmission to parents .
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BENEFITS:
Reduces incidence of money theft at the dormitory.
Creates efficient access to students funds by the students themselves.
promotes cordial and trust worthy relationships between college local guidance and parents