Transition Year Students Borrisoleigh Build a Bank Challenge

TY students of St. Joseph’s College Borrisoleigh took a trip to the Silversprings Hotel in Cork to take part in the Regional Finals of The AIB Build a Bank Challenge.  The AIB Build a Bank Challenge is an enjoyable and exciting way for Transition Year students to run their own School Bank, with the support of AIB, and at the same time learn a whole lot about managing their own business.

The AIB Build a Bank Challenge sees a team of six students selected to set up and manage a bank in their school, getting involved in everything from sourcing new customers and opening AIB accounts to encouraging regular savings and exploring new ways to bank, such as AIB Phone & Internet Banking.

Each School Bank Team was given a marketing budget to get them up and running and were  given full guidelines as to what it could be used for in the context of the AIB Build a Bank Challenge.

Each school participating in the competition were required to base their bank on an original idea without using the AIB logo.  The students came up with the idea of THE BIG BANK THEORY as their theme for the bank, based on the popular TV series “The Big Bang Theory”.

Students set up an exhibition for the Regional Finals in order for judges to examine the concept and running of their bank.  St. Joseph’s College was selected as one of the top ten schools in the Regional Finals – a great success for its first year in the competition.  Students have plans to run the bank for the remainder of the school year and into next year.

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