Q&A with Erin Batey
Bank invests in financial literacy
Q: I understand Quail Creek Bank is sponsoring interactive curriculum produced by the financial guru Dave Ramsey for use by 18 area schools. Can you tell us about the initiative?
A: Yes, we have committed more than $25,000 to this exclusive sponsorship for 2012 and have seven of our staff dedicating time to each of the following schools: ASTEC Charter Middle High School, Bishop McGuinness Catholic High School, Crossings Christian School, Deer Creek High School, Dove Science Academy, Harding Charter Preparatory High School, Harding Fine Arts Academy, John Marshall Middle High School, Mount St. Mary Catholic High School, Mustang Middle School, Mustang North Middle School, Piedmont High School, Putnam City High School, Putnam City North High School, Putnam City West High School, Santa Fe South Charter High School, SeeWorth Academy and Trinity School.
Q: Why is your bank making this investment?
A: Our No. 1 priority is to help educate our future citizens, and improve our community. Partnering with the schools to help meet, and exceed, the state-mandated financial literacy requirements seemed like a good fit. Also, these young adults do banking differently than their parents. They want everything online or mobile and available through their phone, which fits perfectly with our strategy at Quail Creek Bank. We also recognize that today's students will be our next generation of customers.
Q: What responses are you receiving from the students?
A: They are excited to learn about personal finances and how to handle money responsibly now and in the future. They love the technology-based products such as mobile banking, mobile deposit, and online account opening, as well as the custom debit card where they get to choose what image is printed on the face of their card.
Q: What else is involved?
A: We are offering each of these students our IQ “Intelligent Checking” account. It provides online, enrollment, mobile banking, mobile deposit, personalized debit card, refunded ATM charges up to $10 a month. We also match up to $25 of the initial deposit and another $25 more if the parent signs up for EZ Allowance.
PAULA BURKES, BUSINESS WRITER