Introducing AlphaBank

Hey there, everyone.

this is Joe and it's an exciting video.

I'm going to introduce an app called Alpha bank that all Alpha Anywhere students can start using right away.

Here's how Alpha bank works.

This is where you're going to get your Alphas in, manage it across a couple of accounts, spend it for, hopefully stuff that gets you really excited, or save it and learn all about interest and how you can set money aside and let it urge money on its own.

So let's dive in and take a look at Alpha Bank.

This is the main screen.

You can access this screen from Study Rail or Timeback.

Whatever system you are using, it should be pretty, pretty obvious.

With the same logins, you'll jump right in and you should be looking at this screen now.

You may already have some pending deposits.

I've got one here, so I can show you how that step works.

And that's going to be from work you've done in your apps.

So.

So it actually won't go to your checking account or your savings account.

You've got to kind of decide where you want to put the money and allocate it.

So you have a decision to make right off the bat every time you earn Alphas.

And then once a week you're going to see your paychecks coming to your email showing you how much money you earned the week before based on all the work that you did.

So let's jump in and take a look at this main screen.

So I get two accounts with Alpha Bank.

You get your checking account and your savings account.

Checking is where you do your spending.

Savings is where you get your interest.

So let's take a look at this deposit that I have to allocate for 100 alphas.

Now, I have three options.

I can put it all in checking, all in savings, or I can just split it between the two.

And I'm actually going to choose that last option.

We're going to do a split of, 50 alphas in checking, 50 in savings, and let's just click put it away and boom, you can see those values added right up here.

Now, I have 100 in checking and, and 400 in my savings.

So I'm looking pretty good.

Now down here to the right.

Let's talk about how these two accounts are a little different and focus first on savings.

So what is interest?

Interest is money that you make just by keeping your Alphas in the savings account.

And that actually works just like the real world.

And you can have an adult or your parent explain a Little bit more or do some research about how interest works.

Because this is actually a really great way you can save money.

in the real world when you get a little older and have your own bank accounts.

the savings countdown basically means that as of right now, me filming this video, you had a two week period that once you add money to the savings, it has to stay in there.

It's going to stay in there and earn interest.

And you can see this lockdown countdown right over here on the right.

So you can see this money that I added today.

In 14 days I'll get that money back.

And I can also see how much I'm earning on that money.

as I look at it here.

So I have no more pending transactions.

And then here's all my recent activity.

Let's look at transfers, moving money between checking and savings.

So right, now I can't move any from savings because it's all in lockdown.

But I could move some from checking.

I've got 100 alphas I can move.

And so if I wanted to I could put 100 alphas and put everything in savings.

And it tells me right here that I'm going to start earning interest that compounds every week.

That's a pretty cool feature.

In the real world money usually doesn't compound every week.

So I could compound my interest every single week and move it all to savings.

It'll tell me right here how much I'm going to earn.

I'm not going to do that right now, but you can see I can just hit review and then commit it and then everything will be over in savings.

And this number up here in the top right, shows me how many alphas I have to spend.

Not my total, it's just how much money I have right now that I can spend.

Let's take a look at the shop.

This is where you can spend your money.

So there may be things that are grayed out that I've got to still save a little more to get this $100Amazon gift card.

And there are things I can get today.

And let's take a look.

Let's actually go ahead and buy this GameStop gift card for 100 Alphas.

So, so we're gonna say yes and that's it.

That simple.

Confirm.

I've got a GameStop gift card on the way.

And actually I think I have two.

Cause I've made two of these videos so you can see I've got two of them, both in ordered status.

I'll see that Progress.

And these gift cards are virtual, so they're gonna deliver to me virtually, and I can go ahead and spend that and pick out a nice game with $10 of extra help.

It's pretty cool.

down here in the history, you see that I can go through and just search my transactions just like a real bank account.

Okay.

And you're also going to see opportunities in here for mom or dad.

You know, if they decide that they want to add a little extra money to your account, mom or dad can pop in and say, you know what?

Every week let's give a bonus or some weeks, because you were supposed to walk the dog and you did.

And so mom or dad can add a little bonus or they can add a fine.

so mom or dad can add a fine if, you know, you were supposed to, I don't know, make your bed or go to bed on time or something, and you didn't.

You'll see those fines show up in your transaction history.

They actually show up right up here under debits.

And look at this one.

parent fine for 20 alphas.

So hopefully this gives you a great overview of Alpha Bank.

Couple this with your paychecks and you're basically managing your own budget of, what you're saving, what you're spending, and.

And as far as earning, it is all about doing your academic work, mastering skills, being consistent, and getting great growth results and great mastery results on your tests.

I hope you all have a lot of fun with this enjoyment.