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Cashing Out Alphas

Alphas are the rewards students earn for completing their schoolwork. This guide explains how to deposit, save, and redeem Alphas inside Classbank.

Updated over 2 months ago

1. Depositing Your Alphas

When students earn Alphas, they must be deposited into Classbank. This is required before they can be saved or used for rewards.

How to deposit:

  1. Log in

  2. Go to Deposit

  3. Enter the Alpha amount

  4. Complete the quick addition problem

  5. Your Checking Account balance updates automatically

Deposits work like putting money into a real bank account.

2. Checking vs Savings Accounts

Students have two Alpha accounts:

Checking Account

  • All newly deposited Alphas go here first

Savings Account

  • Students can transfer Alphas here if they want to save for bigger rewards

Transfers can be done anytime.

3. Withdrawing Alphas

A withdrawal is needed if a student has:

  • Pending transactions

  • Needs to correct a balance

  • Needs to move Alphas back to Checking

To withdraw:

  1. Enter the amount

  2. Complete the subtraction problem

This keeps the account accurate.

4. Redeeming Alphas for Gift Cards

Students can use their Alphas to buy gift cards in the Classbank Store.

How to redeem:

  1. Open your Class

  2. Go to the Store

  3. Choose the gift card you want

  4. Click Add to Cart

  5. Complete the subtraction check

  6. Resolve any pending withdrawals

  7. Select Pay Now

If the student doesn’t have enough Alphas:

  • The system shows how many more they need

  • They can keep saving in the Savings Account

5. When Gift Cards Are Delivered

Gift cards are processed:

  • Several times a week

  • And always by Friday at 5 PM ET

Students usually receive their rewards before the weekend.

Email Delivery Note

Gift card emails sometimes land in:

  • Promotions

  • Spam/Junk

  • Other tabs (depending on your email provider)

Please check those folders if you don’t see your gift card right away.

6. Quick Tips

  • Always deposit earned Alphas right away

  • Use the Savings Account for bigger rewards

  • Complete pending withdrawals before redeeming

  • Parents can view Alpha activity through their parent dashboard

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