BOI Money Smarts

May 11, 2020

Bank of Ireland,

The Bank of Ireland Money Smarts Challenge teaches and tests the financial literacy of Ireland’s secondary school students.

In November 2019, Bank of Ireland launched the Money Smarts Challenge, a new secondary school competition that sees students learn essential Financial Wellbeing skills while competing for the chance to win the top prize of €25,000 for their school.

The Bank of Ireland Money Smarts Challenge has been designed in conjunction with business studies teachers and Financial Wellbeing experts. In the one day regional final events, students will first learn 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 a fun and interactive 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 the 2nd of April in the Citywest Convention Centre, Dublin. To date 15 sold out regional final events have taken place across the country with 3 more Dublin regional finals to take place in February in Trinity College. Pictured are Ballymakenny College and Drogheda Grammar School who emerged victorious from the recent Meath and Louth regional final of the Bank of Ireland Money Smarts Challenge, held in the Newgrange Hotel, Navan, in January

Bank of Ireland,

Rory Carty, Head of Youth Banking, Bank of Ireland,

commented:

“It’s so important that we enable young people to make informed decisions and take charge of their own financial future. We know it’s not always easy to get teenagers engaged about money management and financial literacy so our new programme aims to teach them good financial habits through interactive content and real life scenarios. Our new secondary school competition puts what they have learned to the test with a bit of fun and the chance to win a fantastic prize of €25,000 for their school.”

The Bank of Ireland Money Smarts Challenge is part of Bank of Ireland’s fiveyear Financial Wellbeing Programme which launched in March 2019 to help people improve their financial literacy, capability and confidence. Principals and teachers can find out more about the competition by visiting;
boi.com/moneysmarts.

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