Alternative marketing thinking

iCONTRACT

Student Bank Coming Of Age

The Graves County High School in Kentucky has something extraordinary going on for them. The school’s student-run bank is aimed at educating students about banking and making a profit. Chris Sanders, a 17-year old techie, is the President who took upon the task of automating all accounting functions. This would mean not just daily deposit and withdrawal transactions, but also processing loan requests, loading all customer data, allowing balance enquiries, etc. Sanders designed a Microsoft Windows based software platform that allows all this and more account management needs. The bank is essentially a hands-on learning platform for the Banking and Finance students of the school, who are also its sole operators. Duties are handed over to new students with each passing year and revenue is generated not just from the school, but also from other miscellaneous avenues like yearbook sales. Wonder how far this would go once the bank has an
online portal. Read more about this interesting project here.

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