ON February 26, St. Mary's Secondary School, Macroom, bank team along with their teacher Ms Arlene O'Donoghue and their student officer Jen Coakley, travelled to the Silver Springs to take part in the A.I.B. Build a Bank Challenge Regional Final.
The A.I.B. Challenge, in its 11th year, sees a team of students selected to set up and manage a bank in their school, getting involved in everything from sourcing new customers and opening new accounts to encouraging regular saving and exploring new ways to bank such as internet and self-service banking.
This year the team based the bank around the idea of the 'Butterfly Effect'. The Butterfly Effect is when a small change on one place or time can result in a big difference later, they therefore encourage students to lodge any amount either little or large to show them that this will lead to them having more money in the future.
The Butterfly Bank – Eileen Murphy, Vera O'Riordan, Orlaith McDonagh, Claire Murphy, Siofra Burgoyne, Anna Toomey and Niamh McCarthy - competed in the Regional Final against thirty-seven other teams and were one of the four teams to get through to the All Ireland finals in Dublin on April 17.
As part of this competition, the Butterfly Bank offers a huge amount of customer services to their customers. The services offered to the customers of Butterfly Bank include:
A loyalty card scheme, A Butterfly Bank app and QR codes, Website, Facebook Page, Twitter and Instagram, Text reminders to parents, A mobile banking service, Powerpoint presentations on Internet banking, Saving schemes and saving wallets, Competitions to encourage regular saving, Coins and coppers campaign, A new quick lodge machine.
The girls travelled to the regional final with an extremely professional and impressive display along with a prepared presentation which led them to victory.
The girls spent ten minutes presenting and showcasing their bank to the A.I.B. judges and made it to the top ten on the day. The next stage of judging involved a presentation on stage along with a question and answer session from the judges.
After the judges' deliberations, St. Marys, Macroom were announced as one of the four groups to get through to the All Ireland final in April.