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Macon County High School
Macon County Sheriff's Department
Macon County Board of Education
J&J Discount
Lafayette Florist
DT McCall's
American Exterior
Macon County Alumni
George and Linda McCrary
Mike Prock
and
Mike Marshall
For a student to be eligible to participate in the class, he or she must be either a junior or senior and must have either already completed an Accounting course or be currently taking an Accounting Course. To be eligible to work in the Tiger Bank and Trust, students may complete an application and submit it to the Director or the Guidance Office.
The Purpose of the Student Bank
The Student Bank is designed to promote the education of students about the general operations of a bank. It gives the student bankers both an academic and "hands on" knowledge of how a bank functions and prepares them for the future by giving them experience working in a bank. It prepares both the student bankers and the general student body for utilizing a bank's services.
The mission of the Student Bank
Is to educate students about the functions of a bank and to provide savings opportunities and loan services to the student body. Faculty and students will be encouraged to start a savings program, which hopefully will continue through their adult years. Students will also obtain experience in handling banking services and filling out necessary forms for both savings accounts and loans.
Tiger Bank & Trust Information & Guidelines
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The mission of the student bank is to educate students about the functions of a bank to provide savings opportunities and loan services to the student body and faculty.
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The student bank will offer two services, interest-bearing savings accounts and lunch loans. The student bank will not offer checking accounts.
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Interest is posted to savings accounts monthly based on the average daily balance. Interest rates are subject to change without notice. A minimum of $5.00 is required to open a saving account. If the savings account balance falls below $5.00, a finance charge of $.50 will be applied to the account. The student bank does not accept personal checks. Business checks may be deposited into the savings account but not cashed. Any returned checks will be subject to a $25.00 fee.
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The maximum amount per withdrawal is $30.00 per day. In order to receive cash back from a deposited check, funds must be available in the account. To withdraw an amount over $30.00, the academy teacher must be notified 24 hours in advance. No cash will be given on withdrawals over $30.00.
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The bank customers are responsible for filling out their own deposit and withdrawal slips. All bank customers must show proper identification in order to complete a transaction.
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A $3.00 lunch loan is available to customers who apply and sign a promissory note. Loan holders will be charged $.25 per day effective immediately. In order to receive additional loans, outstanding loans must be paid including interest accrued. Delinquent loans are considered outstanding fees owed to the school and must be paid in full before a student may receive their report card or diploma.
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The student bank will be 4th period during all four lunches on the following days: Monday, Tuesday, Thursday, and Friday. Bank hours and days are subject to change without notice due to Academy Banking teacher's availability. The bank will be closed on Wednesday.
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Bank customers are only able to access their accounts at the Tiger Bank & Trust location at Macon County High School. At the end of the school year, all accounts will be closed and the remaining balances will be returned to the customers.
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The school bank is not equipped to make change larger than $20.00 for students, faculty, clubs, or organizations. A service fee, depending on the amount of change, will be charged to any student/faculty member that does not hold a savings account at Tiger Bank and Trust.
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All bank transactions are under surveillance.
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Bank employees will be held responsible for account accuracy, transactions and keeping information confidential.
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All bank customers and employees are expected to conduct themselves in a professional and courteous manner.
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The student bank is sponsored by Macon Bank & Trust but is not a branch of the Macon Bank & Trust of FDIC insured. All money will be kept in a special account at Macon Bank & Trust.