ClassBank

What is a classroom economy?

A classroom economy is a behavior management system where students earn virtual currency for things like positive behavior, classroom participation, and attendance. Students hold jobs like Banker and Store Manager, earn salaries, pay bills, and spend savings in a class store - simulating real-world financial decisions while reinforcing school expectations. Unlike points-based reward systems, a classroom economy teaches students how money actually works. ClassBank is a free digital platform that makes running a classroom economy easy for any K-12 teacher and school.

What are school rewards?

School rewards are incentives given to students for positive behavior, academic achievement, or meeting classroom expectations. They range from tangible items (stickers, prizes) to experiential rewards (extra recess, homework passes). With ClassBank, students earn classroom dollars they can save and spend in a digital student store - making rewards more meaningful by tying them to financial decision-making.

How do you create a school store?

With ClassBank, teachers and administrators can create a school store in minutes. Simply choose from pre-loaded store items or add your own rewards, and students can immediately start spending the classroom dollars they earn for things like behavior, participation, or attendance. The built-in digital student store tracks inventory, manages purchases, and gives students a real experience with saving and spending - all while reinforcing your school's expectations.

What is a token economy in the classroom?

A token economy is a system where students earn tokens or points for positive behavior and exchange them for rewards. ClassBank takes this further - students earn classroom dollars, hold jobs, manage bank accounts, pay bills, and shop in a student store. It's a full classroom economy that teaches real financial literacy skills, not just a points-for-prizes system.

Is ClassBank free for teachers?

Yes. ClassBank is free for individual teachers - no credit card, no trial period. You can set up a full classroom economy with bonuses, jobs, a student store, and bills in minutes. Schools and districts that want admin dashboards, team features, and centralized reporting can upgrade to a paid plan.

How does ClassBank support PBIS?

ClassBank aligns with PBIS, MTSS, restorative justice, and other positive behavior frameworks as a Tier 1 universal support - reaching every student, every day. Teachers award classroom dollars tied to school goals like positive behavior, attendance, and grades. Every transaction captures data that schools can use for Tier 2 and Tier 3 interventions. Because students earn, save, and spend classroom dollars (not just points) in their own classroom bank accounts, the reinforcement is deeper and more engaging than traditional token economies.

How much setup does ClassBank require?

Most teachers are up and running in under 10 minutes. ClassBank comes with plug-and-play defaults for bonuses, jobs, and store items, so you can start immediately or customize everything to fit your classroom. No training required - if you can use a web browser, you can use ClassBank. For schools and districts, a dedicated ClassBank team member walks your admin team through setup, rosters all accounts through your SIS (Clever, ClassLink, PowerSchool, Infinite Campus), and provides school-based training so rollout is seamless.

Is ClassBank secure and compliant for school use?

Yes. ClassBank is FERPA and COPPA compliant. For schools and districts, ClassBank offers automated rostering through SIS integrations (Clever, ClassLink, PowerSchool, Infinite Campus), centralized admin dashboards, and dedicated onboarding support. Student data privacy is a top priority.