AS part of the AIB ‘Build a Bank’ Challenge, six Transition Year (TY) students from St Mary’s Secondary School in Macroom recently set up their own school bank called Space Savers Bank.
It operates in the school canteen every Tuesday under the supervision of Eleanor Hickey, student officer at AIB Macroom and Arlene O’Donoghue, their business teacher.
The students involved are Caoimhe Moynihan, Hanna Donovan, Katie Sheehan, Jessica Buckley, Savannah Hickey, Mirium Murnane, Aimee O’Herlihy, Elaine Kelliher, Anna O’Leary and Eileen Condon.
The school bank team, with the help of four assistants, have designed their bank around market research so that they have a bank available in the school that completely meets the needs of their target market.
The AIB ‘Build a Bank’ challenge, which is now in its 16th year, is an exciting and fun way for Transition Year students to set up and run their own school bank.
The competition is of huge benefit to the students involved as it introduces them to the world of business and banking.
It teaches them new skills such as money managing, marketing strategies, customer service skills, leadership and teamwork.
The school bank competition also benefits all of the students in St Mary’s as it encourages them to lodge and save their money on a regular basis.
They are also looking forward to taking part in the regional final of the competition next February.