STUDENT REWARDS

As a bank, we want to connect with all members of our community, regardless of age. This includes helping instill healthy educational and financial habits in students. Our new and improved student reward program is designed to support a students’ progression through grade school, middle school, all the way through high school graduation!


OVERAL GOALS OF THE PROGRAM

To help students:
  • Develop their social skills
  • Understand the importance of education
  • Start growing their financial literacy


GRADES K-8

HOW IT WORKS:
  • Bring in your report card twice a year and automatically receive a $5.00 credit into your Franklin Jr. Savings account. ($10 per school year)
  • At each visit, you will receive 5 entry slips to place into the branch box. (10 per school year)
  • At the end of each deadline, twenty (20) winners will be chosen at random to receive a $100 credit into your Franklin Jr. Savings account. $4,000 rewarded every school year!
GOALS OF THE PROGRAM:
  • Development of Social Skills
    • We want kids to step away from their screens for a little bit and feel comfortable walking into a bank to have conversations with adults. We won’t bite, we promise!
  • Importance of Education
    • Students should know that putting in the effort in school is important without the pressure of having to receive all A’s or 4’s or whatever. Work hard and be rewarded!
  • Financial Literacy
    • Introducing healthy saving habits at an early age helps instill a saving mindset. “A penny saved is a penny earned.” – B. Franklin
REQUIREMENTS & DEADLINES:
  • Open a Franklin Jr. Savings account with a $25 opening deposit. Students under 18 years of age must open the account with a parent or guardian.
  • Submit your most updated transcript prior to the December 15th and July 15th Deadlines.
SIMPLIFIED:
  • Bring in your report card twice a school year and automatically receive $10.
  • At the same time, be entered up to 5 times for one (1) chance at twenty (20) $100 drawings twice a school year.



GRADES 9-12

HOW IT WORKS:
  • Bring in your report card twice a year and automatically receive a $5.00 credit into your BFC Basic - Teen Checking account* (which includes a debit card), each visit. ($10 per school year)
  • For each A, B, or C (or grade equivalent), you will receive an entry slip to place into the branch box.
  • Earn up to five (5) entries visit based on your grades (10 per school year)
    • Earn one (1) extra slip per visit by showing that you like/follow the Bank of Franklin County Facebook and/or Instagram page.
  • At the end of each deadline, twenty (20) winners will be chosen at random to receive a $100 credit into your BFC Basic - Teen Checking account. $4,000 rewarded every school year!
GOALS OF THE PROGRAM:
  • Development of Social Skills
    • Continuing the conversations from grades K-8, we want students to have real conversations about their future and how we can help them meet those goals.
  • Importance of Education
    • We realize that every student’s next step looks different: work, college, trade school or apprenticeship. We want to support and reward students working towards high school graduation.
  • Financial Literacy
    • Students can start gaining financial independence and understand the responsibility with having a debit card – all while parents/guardians help watch their accounts (including the ability to add funds)!
      • BFC PRO TIP: Take advantage of our Save the Change program that rounds every debit card purchase up to the nearest dollar and places that rounded-up amount into your savings account.
    • As students near high school graduation, we are ready to help them be successful with their next financial endeavor. Credit Card to build credit? First loan for a vehicle or college? We are here to walk them through the process!
REQUIREMENTS & DEADLINES:
  • Open a BFC Basic - Teen Checking account with a $25 opening deposit. Students under 18 years of age must open the account with a parent or guardian.
    • FYI - if you already have a Franklin Jr. Savings with at least $26 in it, we can transfer the $25 needed to open the new checking account!
  • Submit your most updated transcript prior to the December 15th and July 15th Deadlines.
SIMPLIFIED:
  • Bring in your report card twice a school year and automatically receive $10.
  • At the same time, be entered up to 6 times for one (1) chance at twenty (20) $100 drawings twice a school year.

*Accounts with owners under the age of 16 years will not have check writing capabilities. Debit cards ONLY.



DISCLOSURES
No purchase necessary to enter. Offer available for new and existing Franklin Jr. (grades K-8) and BFC Basic - Teen Checking (grades 9-12) accounts. A five dollar ($5.00) credit will be deposited in account upon receipt of report card. Subject to 1099 reporting. Minimum balance required to open account is $25. Credit does not count toward required minimum balance to open account. Offer cannot be combined with any other offer.

Drawing will be held the first business day following the stated deadlines. All branch entries will be combined for each drawing. A total of twenty (20) winners will be drawn at random each drawing for each group (grades K-8 and 9-12). Prize of $100 will be credited to individual winner’s Franklin Jr. or BFC Basic - Teen Checking account. Subject to 1099 reporting. Valid for students in grade K-12. Subject to change.