GALLIPOLIS— Ohio Valley Bank recently wrapped up another successful semester with their high school financial literacy program. The OVB BANKit program, which brings real-life banking lessons to the classroom, runs throughout the entire academic year.
The 2017-2018 academic year includes participating schools from both Ohio and West Virginia. While some participating classes operate on a school year-long basis, others are split into semesters. Semester classes complete the full BANKit program just as those on a full academic schedule.
Created in 2010, the program brings real-life banking lessons to the classroom. Lessons are conducted by OVB’s Financial Literacy Leader Hope Roush. The program also works as a game in which students are given $100 in “buzz bucks,” the OVB BANKit currency. Their goal is to make as much money as they can by the program’s end. Students have the option to invest their buzz bucks as they wish among different accounts, including CDs, money market accounts, basic checking accounts and savings accounts. They also have the option to purchase and sell shares of stock in the game’s mock company, Pseudosoft.
Each visit, students draw a Real Life Card, which may force them to pay a bill or provide them with unexpected cash. During this time, students also have a chance to manage their banking and make deposits/withdrawals in their accounts. This portion of the program is especially important as students learn to fill out basic bank paper work as well as practice money management in a hands-on environment.
Along with the game aspect, each BANKit visit includes a lesson on a banking topic. Lessons covered last semester included:
- Basic differences in account types
- Filling out basic bank paper work, including deposits and withdrawals; check writing; updating check register
- Reading a bank statement
- Credit/Cost of Credit/Credit Reports/Credit Scores
- Identity Theft
- Credit vs. Debit
The overall winner of BANKit at each participating school last semester received a cash prize, while classroom winners received a special treat. In addition, a final review game is played at the program’s conclusion. The final review game covers all BANKit topics. The review game winners during last semester earned a cash prize as well.
OVB BANKit 2017-2018 first semester winners are as follows:
- Tessa Skinner, Gallia Academy High School
- Hanna Davis, River Valley High School
- Garrett Jeffries, Mason County Career Center
Final review game winners were Kaitlyn Williams, Gallia Academy High School; Caleb Dunford, Gallia Academy High School; Braden Jamora, Gallia Academy High School; Haven Kingery, River Valley High School; Noah Patterson, River Valley High School; and Tyler Hess, River Valley High School. Due to snow days, Mason County Career Center classes were unable to play the final review game.
OVB BANKit started second semester sessions this week at participating schools. For more information on the program as well as other financial education programs, contact Roush at firstname.lastname@example.org.