bankaroo

BANKAROO FOR SCHOOL EDITON

Designed and developed with the help of teachers and school administrators to easily manage student accounts and to teach math and financial education.

Built on top of the Bankaroo platform, kids enjoy the unique, kid-friendly experience loved by hundreds of thousands of members, while teachers have control over the students’ accounts and activities.

Create your free account (one free account per school).

FAQ and TUTORIALS

Is Bankaroo for schools free?

You can create a school/class account for free and use it for up to 40 students. If your school is using Bankaroo in more than one class, we would appreciate if you would buy additional classes for only $10/month.

We offer discounts for annual subscription and site licenses.

Contact us for more information.

How is Bankaroo used in schools?

Bankaroo is used in many ways. With its many functions, teachers have the ability to apply Bankaroo in their classes in many ways. The key usage scenarios we have seen so far for Bankaroo for schools include one or more of the following:

Financial education

Teachers use Bankaroo to educate kids about money, what are financial transactions and how they are used in the real world.

As part of the Math curriculum

Finance is a great way to show Math-at-work and how simple concepts of adding, subtracting and interest work in real world.

As a positive point behavior system

Teachers use Bankaroo to help the students stay motivated using a positive point system. For example, allocating each student 10 points at the beginning of the week, and then adding or removing points based on behavior.  At the end of the week, students can ‘buy’ items (such as office supply,  extra 5 min breaks, and other creative ideas) with the points they have in their account.

Check out the testimonial section for some real-life examples.

Is Bankaroo for schools the same as the Bankaroo for families?

Yes and no.

Both editions run on the Bankaroo platform and can be experienced via desktop and mobile devices.

However, as Bankaroo for schools was created to support different usage and scenarios from the family edition, several changes were made.

Here are some of the key features that are unique to the school edition:

Managing school and classes

  • Manage multiple classes
  • Easy setup of classrooms, teachers and more
  • Use your school logo – visible to all users when they log-in

Bulk Actions 

  • Import students from a file and /or add students manually
  • Easily setup of usernames and passwords
  • Overview balance, activities, and goals of the whole class
  • Print ‘Bankaroo cards’ for easy access
  • Bulk management of funds, goals, and activities, for the whole class or for selected students

Please note that the students can use a dedicated mobile app for schools, allowing them to use Bankaroo separately with their families.

Can I have multiple school admin?

Yes.

You can add additional users (adults with email addresses) as school admins.

They will have full access to all the classes and student info and would be able to perform all the actions.

This is a good practice in case your school has multiple teachers who like to use Bankaroo across classes and to be able to manage students accounts.

 

Can I use my school logo?

Sure thing!

You can upload your school logo, and it will be shown to the students when they log-in to Bankaroo.

Can I edit my class information?

School’s admin can edit all the classes information, including the names (aka, 3rd grade, Mrs. Smith class, and so on), teacher’s info and passwords.

How do I add students to my class?

You can add up to 40 students to your class, either manually, or via file upload.

To add students manually, fill the form and save each time.
Or, you can download an example file, update the information and upload it to Bankaroo.

Can I update the student's info and initial settings?

Sure, no problem. Follow these steps:

  1. Select the students you like to apply the changes to
  2. Update the information
  3. Click “Update”

You can apply these to one, many or all the students.

Tip: if you like to select all the student, make sure they are all visible in the list. You can define how many rows you see using the row-selector at the bottom of the table.

How do I add funds to my students?

There are a few ways for you to add funds to your students.

  • As a one-time activity. As simple as it sounds.
  • As a recurring activity. Adding funds every week/2-weeks/month. Great for allowance and similar repeatable activities.
  • Match Savings. An additional funds that would be allocated to students when they are using their funds toward goals.

 

To do so, follow these steps:

  1. Select the students you like to apply the changes to
  2. Update the information
  3. Click “Update”

You can apply these to one, many or all the students.

Tip: if you like to select all the student, make sure they are all visible in the list. You can define how many rows you see using the row-selector at the bottom of the table.

How do I use or remove funds?

You can allocate funds (use or remove) from selected students as a one-time activity or as a recurring activity.

To do so, follow these steps:

  1. Select the students you like to apply the changes to
  2. Update the information
  3. Click “Update”

You can apply these to one, many or all the students.

Tip: if you like to select all the student, make sure they are all visible in the list. You can define how many rows you see using the row-selector at the bottom of the table.

How do I set goals?

Setting goals is an important aspect and feature of Bankaroo.
We like to encourage you to have your students set their own goals.
However, if you like to set goals for your students (for example, save toward an objective, or allocate points toward a milestone).

To set goals to one or more students, follow these steps:

  1. Select the students you like to apply the changes to
  2. Update the information
  3. Click “Update”

You can apply these to one, many or all the students.

Tip: you can search for icons to match the goal description.

Tip: if you like to select all the student, make sure they are all visible in the list. You can define how many rows you see using the row-selector at the bottom of the table.

What are Bankaroo Cards and how do I get them?

Bankaroo cards are printable cards that help students to log-in to their accounts using a short URL and/or a QR code.

Bankaroo generates unique card per students and the teacher can download a PDF, print it and distribute the cards.

Can students in the same class transfer funds between them?

They can, but you need to set it up.

By default, students cannot transfer funds between classmates.

However, you can change these settings and allow them too.

Can I see each student account or just high-level overview?

The default view is a high-level overview of your class.

This view includes the students’ names, username, last log-in, current balance and number of goals.

You can switch to a detailed view, where you can access each student account and experience it the same way they do when they log-in using their own username and password.

The detailed view allows you to see in more details all the activities in the student’s account and interact with him/her, using the interface they are familiar with.

Can I get regular Email notifications on my students' activities?

You can set to receive a daily and/or a weekly Email summary of your students’ activities.

Once set, Bankaroo will generate and send the report at the end of each day/week (US Pacific time zone).

Can I download my students' activities to Excel?

You have a few ways to download students’ information.

You can download the main table to Excel.

Or, you can view all the student’s activities online, print it to PDF, or download it to Excel.

How do I update student info, including avatar, username, password and such?

To update a specific student, you can click on his/her username and open the student card.

In this view, you can edit all the student info and advanced settings.

TESTIMONIALS

Bankaroo is fantastic, and teaches kids about handling money. I am using it this year for students to earn money to use in playing the game of Mathopoly. Instead of having paper money, they have a bank account to buy property and pay debts owed.

– Sharon A., Aledo Christian school

We use Bankaroo for behavior management connected to Class Dojo. Paper money is old school. Kids can keep an online account to track money earned (deposited) and track money spent (withdrawals) for student store, class auctions etc.

– Denise M., Ina Arbuckle Elementary, CA, USA

Bankaroo is useful tool for real world learning about economics. I used it as part of Economics Unit - Goal setting, Needs v Wants, Accounting process for small business class venture, understanding taxation and developing a work ethic for a virtual reward.

– Norma E, Saint Ignatius College, Geelong, Australia

 

Bankaroo is a great resource and kids love seeing their accounts grow! We use Bankaroo as our online banking system. Students earn money from Class Dojo earning points or lose them for things like behavior, to character traits, to responsibility and such. Every other month students will withdraw their funds and participate in a class auction. Those who have more are able to bid higher just like in real-life. Once the auction is over, any remaining funds get deposited back in student accounts for the next auction. Students see their bank accounts weekly, they have to balance their money, and they have to be able to earn and spend appropriately. No more class paper money getting lost, destroyed, or stolen. Thanks Bankaroo!!!

– Denise M., Ina Arbuckle Elementary, CA, USA

 

Financial Literacy component of our provincial math curriculum

– Lois , Pythagoras Academy, Richmond BC Canada

 

Bankaroo is simple to use for a classroom economy system. We use a classroom economy for our behavior management system. Bankaroo helps keep track of students' wages they have earned. They set goals for which prizes they are saving up to buy. Students can earn extra money by going above and beyond classroom expectations. Students lose money for not meeting expectations. Parents and students are able to use the Bankaroo app to keep track of money that has been earned or lost, and the option to leave a description for each transaction is fantastic so that behaviors can be tracked.

– Ms. Kaltreider, Middle school

 

We are using Bankaroo in our middle school as part of our PBIS program (positive behavioral interventions and supports). Kids earn credits by demonstrating positive behaviors, and are able to use their credits for different incentives and activities throughout the school year. They love being able to keep track of what they've earned and set goals for themselves, and our teachers love how easy and convenient Bankaroo is to use!

– Emily C., Clinton Avenue, CT, USA

Bankaroo is a solid choice to integrate financial skills, technology and practical solutions. Easy to set up and use. We have a class economy. Students can monitor their accounts using the app or online. Students are paid weekly and have different opportunities to use their funds throughout the year.

– John C., St. Albans City School, VT, USA

 

MOBILE APPS

Bankaroo works on any device that is connected to the internet, including iPhone, iPad, Kindle, Windows, and Android. Download the native Bankaroo for student apps or use the mobile browser.