OVB BANKit! wraps another successful year
May 31, 2016 Leave a comment
By Hope Roush, OVB Financial Literacy Leader
The 2015-2016 school year ended about as quickly as it started. Once again Ohio Valley Bank worked to promote financial literacy within our area high schools. This year’s OVB BANKit! program took place in six participating schools.
The program, which was launched in 2010, reached students at Gallia Academy High School, River Valley High School and South Gallia High School in Ohio as well as Point Pleasant High School, Wahama High School and the Mason County Career Center in West Virginia. Approximately 360 students completed the program this year.
OVB BANKit! brings real life banking lessons through an interactive format. The program also works as a game, where students compete to win cash prizes. It spans the entirety of the school year or semester. At the beginning of the school year, students are presented with $100 in “buzz bucks,” the OVB BANKit! currency. They can choose to keep some of their buzz bucks in cash or place it in different mock accounts, which include checking, savings, money market and certificate of deposit. In addition, they can choose to purchase shares of Pseudosoft stock, the fictional OVB BANKit! company. The goal is to have the highest money portfolio total at the end of the school year.
Each month students have the opportunity to do their banking and deposit money into their accounts of choice as needed. However, they must manage their money properly as they also are required to draw a Real Life Card during each session. The Real Life Card may provide unexpected extra cash or could be a bill that the student must to pay.
In addition to the game aspect of OVB BANKit!, students engage in a lesson regarding various banking topics. Examples of lessons covered this year include the following:
- Bank account types
- Check writing as well as basic bank paperwork, including deposit and withdrawal tickets
- Debit vs. Credit
- Identity Theft
OVB BANKit! is coordinated by OVB Financial Literacy Leader Hope Roush. Roush is often accompanied by a guest speaker with specialized expertise in the day’s banking topic.
This year’s students at all participating schools successfully completed the program. Each school winner with the highest portfolio total received a $50 cash prize. Each participating class per school also had a chance to compete against one another. The classroom per school with the highest average total won a group prize as well. In addition, on the last day of the program all students in participating classrooms played a Final Review Game, which covered all of the OVB BANKit! topics. The winner of each Final Review Game was awarded a $20 cash prize.
The following students were OVB BANKit! winners of the 2015-2016 school year:
- Ben Arrowood, River Valley High School (semester two)
- Erin Morgan, River Valley High School (semester one)
- Destiny Ingels, Wahama High School
- Jolie Jarrett, Gallia Academy High School
- Thaddeus Martin, Point Pleasant High School
- Matthew McCarthy, Mason County Career Center
- Brandon Rutt, South Gallia High School
Winners of the Final Review Game:
- Gallia Academy: Dondre Armstrong, Seth Flinner, Emily Walker and Trentin Waller
- Point Pleasant High School: Victoria Trimble, Brandi Stroup and Kayla Pearson
- River Valley High School (semester two): Jack Farley, Madison Scott, Jennifer, Mitchell, Patrick Brown, Ben Arrowood and Sophia Branham
- South Gallia High School: James Congrove, Austin Ashworth and Nicholas Johnston
- Wahama High School: Allison Holley, Billy Joe McDermitt and Kristin DeVault
For more information on the OVB BANKit! program contact Roush via e-mail at firstname.lastname@example.org.