Seniors from Wolcott High School visited South Central Bank’s West Town branch on Thursday, October 22, 2015 as part of an economics class field trip with teacher Betsy Sumner. During the trip, Branch Manager Ivy Lau and Assistant Vice President Alex Deutch explained some of the basics of banking such as opening an account and using the ATM for deposits and withdraws before giving the students a tour behind the teller line and a peek inside the bank vault.
Students also watched the counterfeit detection machine catch a fake one hundred dollar bill before participating in a hands-on experiment that taught them how to spot counterfeit bills on their own by comparing fake currency to genuine cash.
SCB Vice President Alex Deutsch opened the bank vault to give students a look inside.
Mobile banking was a favorite topic among the students, who were eager to learn more about banking online. South Central Bank’s free app for iPhone and Android smart phones makes it easy to deposit checks, view bank balances and recent transactions, and transfer funds between accounts—all without having to make an in-person trip to the bank.
Students held bills up to the light to check for security features.
Students responded to the entire experience with positive feedback and declared it “the best field trip ever.” Mrs. Sumner said that she plans on bringing her next class of economics students back to the bank for another visit in the spring.
At the end of the field trip, the students left happy with a folder containing bank slips and information, pens, and stuffed elephants of the bank’s mascot “Alfie” in his own custom carry case.
Each student was also given an application to the Community Bankers Association of Illinois essay scholarship contest, which offers 16 scholarships in a total amount of $22,500 to top Illinois high school seniors statewide each year. These scholarship awards help deserving students highlight the importance of community banking to the local economy. For more information on the scholarship program or application process, click here.