BANK of Ireland has launched the Bank of Ireland Money Smarts Challenge, a new secondary school competition that will see students learn essential financial skills while competing for the chance to win the top prize of €25,000 for their school.
The Bank of Ireland Money Smarts Challenge is an interactive one-day event which has been designed in conjunction with business studies teachers and finance experts.
Each regional final will see teams of four students spending the first part of the day learning about the core elements of financial wellbeing like spending, saving, earning, credit and debt. The second part of the day will put their new skills to the test in an engaging and fun quiz with eight rounds of money-related questions and conundrums. Two schools with the highest score from each regional final will compete in the Grand Final on April 2 in Citywest, Dublin.
Gail Toal, Consumer Banking NI, Bank of Ireland UK, commented: “It’s so important that we enable young people to make informed decisions and take charge of their finances. We know it’s not always easy to get teenagers engaged about money management and financial literacy but this new inter-schools competition puts good financial habits firmly on their radar in a fun but informative way, as well as giving them the chance to win a fantastic prize of €25,000 for their school, and we’d encourage as many schools from Northern Ireland as possible to take part.”
Each school can put forward up to three teams of four students for one of the 18 regional finals hosted by James Patrice, one of Ireland’s top social media stars, which will take place between November 2019 and February 2020. Along with the top prize of €25,000 there is a second place prize of €5,000, a third place prize of €3,000 and a fourth place prize of €2,000.
Principals and teachers can find out more about the competition and register to take part by visiting boi.com/moneysmarts
Early registration is advised as places are limited.
Money Smarts Challenge regional finals (Northern Ireland schools can enter events held in border counties):
November 11 – Radisson Blu, Letterkenny, Donegal;
November 18 – Hillgrove Hotel, Monaghan.