Bankers explained financial basics to students Tuesday at Belle Grove Elementary School in Brooklyn Park for National Teach Children to Save Day, sponsored by the American Bankers Association Education Foundation.

In Maryland, bankers also visited Elmer Wolfe Elementary School in Union Bridge, Mt. Harmony Elementary School in Owings and Beechfield Elementary in Baltimore.

M&T Bank offered four tips to help parents promote savings habits:

1. Help children open their own savings account and make deposits regularly. Many banks have children’s accounts that have no fee or minimum balance requirements.

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2. Children love mail, so encourage them to watch for statements.

3. Talk to children about budgeting.

4. Teach children how an ATM works and explain you have to put money in an account before you can take it out.