Overview
ClassBank is Alpha Anywhere's internal economy system where students earn virtual currency called "Alphas" for academic progress and positive behavior. Students can redeem Alphas for real-world rewards, creating a direct connection between effort and meaningful outcomes.
The system is designed to build intrinsic motivation while requiring minimal effort from parents.
What is ClassBank?
How It Works
ClassBank operates like a real bank account where your child:
Earns Alphas for academic achievements and positive behavior
Manages funds by moving money between checking and savings accounts
Earns interest on savings to learn financial literacy
Redeems rewards from a curated store with digital gift cards and custom parent rewards
Why It's Effective
Immediate feedback - Students see earnings accumulate in real-time
Tangible motivation - Virtual currency connects to real rewards
Financial literacy - Teaches saving, budgeting, and goal-setting
Parent control - You decide bonus/debit amounts and custom rewards
How Students Earn Alphas
Academic Achievements
Skill Mastery
1 Alpha per skill mastered (requires 90%+ proficiency)
Daily Minimums
Bonus: 5 Alphas for meeting daily learning requirements
Weekly Minimums
Bonus: 25 Alphas for exceeding weekly learning goals
Mastery Tests
90%–99% score: 100 Alphas
100% score: 200 Alphas
MAP Growth Assessments
Up to 200 Alphas based on growth performance
Awarded after completing standardized MAP testing
Behavioral & Financial Earnings
Parent Weekly Bonus
30 Alphas per week for positive at-home behavior
Up to 12 bonuses per year (administered via your weekly pulse email)
Savings Account Interest
Earn interest weekly on funds kept in savings account
Interest rate varies (mimics real banking to teach financial concepts)
Stretch Goals
Custom goals approved by Alpha Anywhere staff
Bonus amount varies based on goal difficulty and achievement
How Students Lose Alphas
Parent Weekly Debit
-50 Alphas for missed responsibilities or behavioral expectations at home
Applied through your weekly pulse email (same place you award bonuses)
Examples of debit-worthy behaviors:
Not completing assigned chores
Disrespectful behavior toward family members
Not following established household rules
Consistently missing bedtime or screen time limits
Important: Debits are parent-controlled. Use them as teaching moments rather than punishments.
What Students Can Buy
Reward Categories
Digital Gift Cards Students can redeem Alphas for gift cards to popular retailers:
Amazon
iTunes/App Store
Google Play
Gaming platforms (Steam, Xbox, PlayStation)
Food delivery services
And more
Parent-Created Custom Rewards You can add personalized rewards specific to your child's interests:
Extra 30 minutes of screen time
Later bedtime (15-30 minutes)
Choose what's for dinner
Skip a chore day
Friend sleepover
Special outing with parent
Choice of weekend activity
Reward Fulfillment Process
Weekly Delivery Schedule
Rewards are processed once per week
Digital gift cards and reward notifications are sent to your email
You're responsible for delivering custom rewards (extra screen time, etc.)
Custom Reward Requests Students can request new rewards to be added to the store. These requests are reviewed and added if appropriate.
Parent Involvement: Weekly Pulse Email
What You'll Receive
Each week, you'll receive a Pulse Email that includes:
Your child's current checking and savings balances
Academic progress summary
Option to award +30 Alpha bonus for great at-home behavior
Option to apply -50 Alpha debit for missed responsibilities
How It Works
No new logins required - Everything happens via email
One-click actions - Award bonus or apply debit with a single click
Up to 12 bonuses per year - Use strategically to reinforce positive behavior
Unlimited debits - Though we recommend using sparingly as teaching moments
Pro Tip: Use the weekly bonus as an incentive system. At the start of each week, discuss with your child what behaviors or responsibilities will earn the bonus.
Setting Up ClassBank (30 Seconds Per Child)
Setup Requirements
Class Code:
TM758KStudent access URL: https://student.classbank.com
No email required for student accounts
Step-by-Step Setup
Video Tutorial: ClassBank Setup Walkthrough
Written Instructions
Step 1: Navigate to Student Portal Go to: https://student.classbank.com
Step 2: Enter Class Code When prompted, enter the class code: TM758K
Step 3: Create Student Password
Create a password your child will remember
Write it down and share it with your child
No email address is required
Step 4: Confirm Setup Your child can now log in anytime to:
View checking and savings balances
Move funds between accounts
Browse the rewards store
Make redemption requests
Important: Repeat this process for each child in your family. Each child needs their own ClassBank account.
Using ClassBank: Student Features
Checking vs. Savings Accounts
Checking Account
Where Alphas are initially deposited
Used for immediate purchases and redemptions
No interest earned
Instant access to funds
Savings Account
Transfer Alphas from checking to savings
Earns weekly interest (teaches compound interest)
Encourages delayed gratification and goal-setting
Requires transfer back to checking before spending
Student Dashboard Features
Balance Overview
Current checking balance
Current savings balance
Total net worth
Recent transactions
Transaction History
Earnings log (skills mastered, bonuses awarded, test scores)
Spending log (rewards redeemed)
Interest earned
Parent bonuses/debits
Rewards Store
Browse available digital gift cards
View parent-created custom rewards
See redemption costs in Alphas
Request new reward additions
Account Management
Transfer funds between checking and savings
Set savings goals
Track progress toward reward targets
Teaching Financial Literacy with ClassBank
Key Concepts Students Learn
1. Earning Through Effort Academic achievement and positive behavior directly translate to earnings, teaching the value of hard work.
2. Budgeting & Saving Students learn to balance immediate wants (spending) with long-term goals (saving for bigger rewards).
3. Interest & Compound Growth Savings accounts earn weekly interest, demonstrating how money can grow over time without additional effort.
4. Goal Setting Students set targets for specific rewards and work backward to calculate how much they need to earn and save.
5. Consequences & Responsibility Parent debits teach that missed responsibilities have financial consequences, mirroring real-world accountability.
Best Practices for Parents
Awarding Weekly Bonuses
Be Consistent
Set clear expectations at the start of each week
Follow through on promised bonuses
Don't award bonuses out of guilt or convenience
Tie to Specific Behaviors Examples of bonus-worthy behaviors:
Completed all chores without reminders
Showed kindness to siblings consistently
Took initiative on homework/learning
Demonstrated responsibility with household tasks
Positive attitude throughout the week
Applying Weekly Debits
Use Sparingly Debits are most effective when:
Reserved for significant behavioral issues
Discussed with your child beforehand
Framed as natural consequences, not punishments
Examples of debit-worthy situations:
Repeatedly ignoring established rules
Disrespectful behavior after multiple warnings
Refusing to complete required responsibilities
Breaking agreements about screen time or privileges
Best Practice: Give warnings before applying debits. Use them as teaching opportunities.
Creating Custom Rewards
Make Them Meaningful
Ask your child what motivates them
Balance privilege rewards (screen time) with experience rewards (special outing)
Set realistic Alpha costs (don't make everything too expensive or too cheap)
Reward Ideas by Cost
Low Cost (25–50 Alphas):
15 extra minutes of screen time
Choose breakfast menu
Skip one chore
Medium Cost (100–200 Alphas):
Choose what's for dinner
Later bedtime for one night
Friend video call time
High Cost (300+ Alphas):
Friend sleepover
Special outing (movie, park, restaurant)
New book or small toy
Day off from chores
Troubleshooting ClassBank Issues
"I can't log into the student portal"
Verify the class code: Make sure you entered
TM758KcorrectlyCheck the password: Passwords are case-sensitive
Clear browser cache: Old cached data can cause login issues
Try a different browser: Test with Chrome, Firefox, or Safari
"My child's balance doesn't look right"
Check transaction history: Review all recent earnings and spending
Verify parent bonuses/debits: Make sure weekly adjustments were applied correctly
Wait 24 hours: Some transactions may take time to process
Contact support: If discrepancies persist after 24 hours
"The rewards store is empty"
Student accounts may take 24-48 hours to fully populate after initial setup
Check back the next day - Rewards should appear within 48 hours of account creation
"I didn't receive the weekly pulse email"
Check spam/junk folders
Verify your email is correct in your Alpha Anywhere parent account
Whitelist the sender to prevent future filtering
Contact support if emails consistently don't arrive
"My child wants to request a custom reward"
Students can request new rewards directly through the ClassBank portal. You'll be notified via email to approve or modify the request before it's added to their store.
ClassBank Quick Reference
Key Information
Student Portal: https://student.classbank.com
Class Code:
TM758KParent Weekly Bonus: +30 Alphas (up to 12x per year)
Parent Weekly Debit: -50 Alphas
Reward Fulfillment: Once per week, delivered to parent email
Earning Summary
Activity | Alphas Earned |
Skill mastery | 1 per skill |
Daily minimum met | 5 bonus |
Weekly minimum exceeded | 25 bonus |
Mastery test 90–99% | 100 |
Mastery test 100% | 200 |
MAP growth bonus | Up to 200 |
Parent weekly bonus | 30 |
Savings interest | Varies weekly |
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