Butterfield is offering a free class in money management and financial literacy to college and university students between the age of 18 and 30.

The hour-long Butterfield 101 Money Management Programme will be held virtually at 6pm on Thursday, August 4, and will be taught by members of the bank’s retail banking and consumer lending teams.

Butterfield said they will give an introduction into the world of finance, equipping students with the knowledge they need to develop good financial habits.

Participants will learn practical skills, including how to create a budget and how to set financial goals along with practical knowledge and tips, including guidance in different financial products and the importance of a good credit score.

To participate, students must be recently enrolled in full-time higher education (undergraduate or postgraduate).

Shawnette Griffin, Butterfield’s head of retail banking and operations in Bermuda, said: “We are delighted to be offering the Butterfield 101 Money Management Programme to full-time university and college students.

“The summer holidays provide an excellent opportunity for them to take stock of their finances and improve their financial literacy before the start of the next academic year, creating good habits to set themselves up for future financial success.”

On completion of the course, each student will be granted a Butterfield savings account with online and mobile banking, and will receive a Butterfield debit Mastercard card and a Butterfield Mastercard credit card, with a preapproved limit of $1,000.

Free registration online until 5pm on August 4 at www.butterfieldgroup.com/en-bm/banking/personal-banking/butterfield101