The Financial Literacy Project - Internal Training Services
Partners in teaching financial literacy since 1975.

The online banking simulation is very straightforward, as is the online process at your own bank. We have the usual buttons to see account activity, to see statements, and to perform account activities such as paying bills or transferring funds. The one button we have that your bank does not is the one to select the date. At your bank, the bank knows the current date. In the simulation, you can pick almost any date you want.



When a student signs in, they go directly into the simulation. But when a teacher signs in, he or she goes to an administrative page.  The first page you as a teacher will see as simply a welcome page with your name on. For 99.5% of teachers this page is purely a passthru:  click on the blue label that says “Manage Simulations” (to the left of the order number) and you will go to your administration page. 


On the right side of the admin page

is a table labeled “Student Accounts” . The three left-most columns are titled “Name”, “Username” and “Password”.  The “username” and “password” columns have been filled in: these are the initial usernames and passwords for your students.  We would suggest that you put your students’ names into the “Name” column and then print the screen or get an image of the screen using software or smartphone camera.  With a paper copy of the screen, cut the copy into strips with one student account on each strip, and distribute the usernames and passwords to your students.

Your students will be able to select their own usernames and passwords once I have logged into the system. This page will always reflect the current passwords for each student account so that you can help them out when they forget.

The rightmost three columns will show you the simulation date and account balance for each of your students accounts, and the column labeled “T” will tell you how many transactions have been made by each student.  If you click on the “balance” for a student, you will be able to see all


The bottom left quarter of the admin page

is labeled “Add transaction for all students”. This does exactly what it says. You can set up a debit or credit amount, a date on which it is to be applied, and a description of the transaction and credit.  Hitting the submit button will add this transaction to each student account.  In this way you can extent the simulation beyond the 8 months in the book.


The upper left quarter of the admin page

shows some basic information such as the name of your sponsor and the number of student simulations.  The bottom line of the section is titled “Simulation Maximum Date” with a line for input.  This line allows you to restrict how far into the simulation the students can go.  You might set this at “2015-01-01” until the students have spent a few minutes getting familiar with the demo;  you might then set it at “2015-03-01” until you are comfortable that all the students have reconciled their accounts for February.    Near the top  of this quarter  is a blue line which says “Enter Your Simulated Account”.  This simply takes you to your own simulated account.


Finally, on the menu bar in the upper right corner of the page are buttons labeled “Edit Account” and “logout”.  “Edit Account” lets you change your password;  “Logout” is computerspeak for goodby.

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