• The program was launched as The National Bank of Kuwait’s commitment to its social responsibility, emphasizing on programs and activities which support economic and societal development.  The National Bank of Kuwait is continuously working to align its social contributions and investments with the Environmental, social, and governance (ESG) Strategy, Sustainable Development Goals (SDGs) , and other sustainability frameworks and standards.
• The National Bank of Kuwait plays a pivotal role in transforming the vision of Bankee into a realistic educational program.
• As the largest banking and financial institution in Kuwait, The National Bank of Kuwait enriches the program by providing the necessary support in establishing and implementing the program with the aim of enhancing financial knowledge and management skills among members of society.

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• National Bank of Kuwait: As the primary partner, NBK has been instrumental in turning this innovative vision into a reality by providing all the crucial financial support and sharing their valuable knowledge.
• Ministry of Education: The Ministry of Education plays a crucial role by providing essential support in lending critical assistance, resources and ensuring accessibility in educational institutions.
• Nazaha - Kuwait Anti-Corruption Authority: Nazaha ensures the incorporation of ethical values and principles into the Bankee financial literacy program.
• Creative Confidence: As the program's knowledge provider and implementer, they are responsible for designing, implementing and managing the program.

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• Bankee is an innovative financial literacy program targeting elementary students in public and private schools in Kuwait.      
• Bankee uses a classroom economy model which simulates financial decisions in an educational environment. 

• The program includes many objectives, the most important of which are:

• Develop positive student behaviors that are based on ethical principles and values.
• Enhance and equip students with essential financial skills and money management.
• Provide an effective tool for teachers to be able to manage their classrooms.

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• The program aims to develop money management concepts, which include, but not limited to:

• Earning, spending, saving and financial commitment.

• The program targets elementary school students in public and private schools.

• Improve their behavior
• Making school fun and engaging 
• Learning to manage money and make informative financial decisions

• It provides teachers with an effective and positive classroom management tool
• It makes their classroom interactive, engaging, and fun.
• It provides teachers with an effective alternative to incentivize students.

• It helps reduce problems among students within the school
• Creates a positive and engaging environment for students 
• Encourages cooperation and teamwork among students.
• It assists in decreasing student absence rates.
• A unified system for motivating and managing the classroom.

• A structured, and organized methodology to ensure a smooth integration within schools.
• An online platform for teachers and students that enables efficient program management, and IT Support.
• Comprehensive training and development sessions to best prepare Bankee teachers for their roles.
• Bankee store and bank setup within the school. 
• Selection toys and items for the Bankee Store.
• Printables related to Bankee.

• Bankee is a free program that is implemented in schools. The National Bank of Kuwait will cover all the costs pertaining to the program, which include:

• Digital platform and technology support.
• Training and development courses for teachers.
• Bankee’s bank, store and toys.
• Prints and virtual currency.
• Any and all other requirements required to run and apply Bankee in schools.

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During the 2022/2023 academic year, we piloted the program in 8 public and 3 private schools across elementary and middle school levels. The following year, 2023/2024, it was successfully launched in 30 elementary schools, both private and public. Between 2022-2024, we have worked with more than 16,380  students and 2,981 teachers across 36 schools.

Bankee was launched in 11 schools during the 2022/2023 academic year, expanded to 30 schools in the 2023/2024 academic year, and now applications are open for 60 seats allocated for the 2024/2025 academic year.

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• Bankee consists of four main components, which are:

• Digital Platform
• Bankee Virtual Currency (Bankoz)
• Bankee Account specific to each student 
• Room designated for Bankee which includes: Bankee Store and Bank

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It is a simple digital platform that is available in both English and Arabic. The teacher uses the platform during class to distribute bonuses and fines into the students’ account.

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• The Bankee Store is a physical store where students have the opportunity to purchase toys, items or privileges using the virtual currency, Bankoz. 

• Tangible items such as toys and others may be purchased from the store.
• Privileges: Benefits that the student can purchase from the store and use at school, like: free dress day, have a class outdoors.
• Facilities: Renting school facilities, such as a football field, and a cinema.

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• It is managed as a new activity at school
• Bankee is run by team of:

• 8 teachers to manage the program
• 25 students who help teachers with tasks related to Bankee, and help run the Bankee Store.

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• The program was designed based on international research and studies.
• Close collaboration with applied child behavior analysts to determine bonuses and fines.
• Feedback and suggestions from all those who participated in the pilot phase of the program were taken into consideration.

• Within the school, teachers are distinguished in two ways:

• Bankee Teachers: 8 Teachers who are selected to facilitate and oversee Bankee at the school. Important roles they hold include:

• They are trained to gain complete knowledge of the programme
• They are ambassadors who run the program at the school
• Bankee Teachers train all of the other teachers at school.
• They manage components of the program, such as the digital platform, and the store.
• The role of all other teachers is to run the program within their designated classrooms.

• Designate Bankee as an activity within the school
• Select 8 teachers to manage Bankee at school.
• Enroll 25 students from the fifth grade as Bankee students.
• Allocate a designated room within the school for the bank and the store
• To be committed to the Bankee program throughout the academic year 2023/2024.
• To ensure the participation of all teachers and students of the school in the program.
• Coordinate and facilitate Bankee management team visits to the school.
• Provide available facilities for students.
• Provide a list of the required names of students and teachers.

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• Schools must apply through an online application, which gives schools an equal opportunity to enroll.
• Schools are selected and evaluated based on specific criteria set by the Bankee management team that must be met.
• Schools that register first get priority during the selection process.

• The school administration should be cooperative and committed to implementation.
• Teachers who are proactive and willing to participate in the program.
• Privileges and facilities of high quality are provided by the school.
• The allocated space to set up the Bankee store and bank follows the guidelines.
• Establish a reliable and high-speed Wifi connection within the school.

• Bankee teachers must have a social personality and initiative that has a passion for learning and teaching.
• The teacher should be organized, responsible, and able to prioritize.
• The teacher should have the ability to follow up and perform tasks in the required time.
• The teacher should have good oral and written communication ability.
• The teacher should cooperate and work smoothly within the team.

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No, Bankee is a full-year school activity; running from September to June, with yearly renewals as per the school's decision.