How does the Challenge work?
The AIB Build a Bank Challenge sees a team of six students selected to set up and manage a bank in their school with the full support of a dedicated AIB Student Officer. The students get involved in everything from developing a Business Plan, branding their Bank and engaging with the community to sourcing new customers through creative marketing campaigns.
2017 sees the AIB Build a Bank Challenge entering its 16th year and since its launch in 2002, thousands of students have participated in the programme with over 180 schools registered last year.
The Build a Bank Challenge is broken up into six phases, which the students can follow throughout the year.
Phase 1: Create! Brainstorm and Strategise
Phase 2: Think! Research and Plan
Phase 3: Go! Launch and Activate
Phase 4: Rehearse! Get Ready for Regionals
Phase 5: Impress! Regional Finals
Phase 6: Shine! National Final
The AIB Student Officer will work with the students throughout these phases so they have support every step of the way.
In Phase 5, all participating schools will be invited to showcase their School Bank at a Regional Final where they will present to a panel of judges outlining what makes their School Bank best. The top 8 schools will then be awarded a prize. The “Best Newcomer” will also be awarded for those schools participating in the Build a Bank Challenge for the first time.
The top 48 winning School Bank teams from each of the Regional Finals around the country will qualify for the National Final where the winner will receive a top prize of €5,000. There will also be prizes awarded for Digital Bank, and for teams that excelled at backing their community and for backing their school.