Last Newsexamples of executive summaries for business plans bulls stock market calculating salvage value dividing decimals by whole numbers worksheet disadvantage of bankruptcy cost averaging stocks converting fractions to decimals and decimals to fractions worksheet accrued fees definition adding and subtracting fractions with the same denominator worksheets borrowing against a life insurance policy converting customary units of length worksheets an ordinary annuity disneyland low season adding and subtracting fractions with unlike denominators worksheets accounting equation exercises abc tracing worksheet bull market and bear market difference fractions decimals and percents worksheets 6th grade how to prepare trial balance sheet advantages and disadvantages of accrual accounting how to calculate accumulated depreciation on balance sheet income journal entry how to prepare multi step income statement accounting debits and credits cheat sheet budgeting worksheets printable charitable donations worksheet how to invest in share market wiki cold calling objections an ordinary annuity examples of business plan executive summary criminal law vocabulary collateral loans australia
Online Banking Simulation Lessons
Use our online bank simulation for teaching and learning about banking and online banking skills. Learn about modern Internet and electronic banking using a computer, cell phone, or other electronic device.
Includes lessons and worksheets for teaching, learning, and understanding online banking and related financial concepts.
MI Bank Online Simulator
The lenta56® Bank Simulator is an online banking simulator you may use for teaching online banking or real world life simulations. It is currently used for:
- Teaching online banking
- Teaching checking accounts and saving accounts
- Use in a classroom economy
- Reinforcing money management skills
- Managing allowances
- Use in a classroom life simulation
- As a points system for schools used by teachers and administrators
- Keeping track of campus currency as an incentive program
The online bank includes the following functionality:
- New account creation
- Deposit money (may be disabled by administrator)
- Withdraw money
- Transfer money between accounts and to other accounts
- Pay Bills
- Pay bills using payee information that may be saved
- Create class lists of deposits or withdrawals to your students accounts (for example salaries, rent, etc)
- View monthly account statements
- Use an ATM for banking transactions
- Write a check from your checking account
- Create separate class accounts for each of your classes and name the classes
- Alter the bank date to create simulations. Make time progress faster or slower than real time. (for example, make one week of class equal 1 month of bank time).
- Banking administration (edit class name, toggle deposits, delete class, update passwords, etc).
New functions recently added:
- Delete students from class.
The online bank is accessible using a computer with a modern web browser, chrome book, cell phone, tablet, etc.
Please let us know of any additional functionality you require.
Ready to use the MI Online Bank?
Then either choose the Online Banking Account Creation link below to create a class account, or choose one of the Online Banking Lessons below.
MI Online Bank Account Creation
Online Account Creation
Create a class account that will allow students to create their own personal online bank account for the online bank simulation. If this is your first time using the MI Online Bank, then we suggest starting with the "Introduction" lessons below before creating your own personal online account.
Online Banking Lessons
Use these lessons to introduce your students to the MI Online Bank. Note that these lessons are self-contained and do not require account creation above.
Introduction to the MI Online Bank
Online Banking Introduction
Use this lesson as an introduction to the MI Online Bank.
Students use an online banking simulation to learn how to bank online.
Use this lesson as an introduction to the MI Online Bank using the checking account.
Students use an online checking simulation to learn how to bank online.
Students use an online checking account simulation to enter checking transactions and practice introductory skills necessary for online banking.
Students use our ATM banking simulation to learn introductory skills necessary to perform ATM banking. This is an introduction lesson to using the lenta56 Online ATM simulator.
Additional Online Banking Resources
ONLINE BANKING ARTICLES AND INFORMATION
ONLINE BANKING ARTICLES AND INFORMATION
Consider online banking with your credit union for instant organization and access to all of your account information. With online banking, information about deposits, payments, statements, and all transactions is immediately available with only a few key strokes 24 hours every day.
While most people use a bank account to save money, some of your hard earned money is usually taken by the bank in the form of monthly fee or maintenance charges. Here is some advice and tips on reducing the fees you are paying to the bank.
How do my students create an account to use with the bank?
Go to the Online Banking Account Creation link above. From that page you will click on a link to create a worksheet containing your class user id and password. Your students then will use that to create their own personal user id and password for their bank account. The worksheet will contain all the information your students need to access the online bank.
How do I sign into MI Bank?
You first need to create a MI Bank account. Note that this is a different sign in (user-id/password) than your lenta56 sign in. Go to the Online Banking Account Creation link above. From that page you will be given a worksheet with information for creating an account. The worksheet will contain all the information you need to access the online bank.
How do I delete a transaction I entered by mistake?
Transactions may not be deleted. To remove the transaction amount, do the opposite transaction. For example, if you did a deposit of $100 by mistake, then enter a withdrawal of $100.
Can I administer the student accounts and view their transactions?
To administer the online bank, click on the "Bank Admin" button at the top of this page. From that page there are several functions available, including the ability to view class accounts, view student transactions, make deposits to student accounts, etc. If there are additional functions you would like to see, please let us know.
What is the MI Main bank account?
The MI Main bank account is like the "main" account for the bank. It is used by the bank administrator. It may be used to keep track of transactions you do with your students. It is not necessary to use the MI Main bank account, and it is there for your convenience. Instead of using this account, you may set up a separate account, the same way you set up a student account, and use it for your banking transactions.
The bank accounts reset every time the students sign in. How can they continue to use the accounts on a daily basis?
You are using the lessons, rather than creating a class account. The lessons reset for each use. To create student accounts that they can continue to use, go to the Online Banking Account Creation link.
My student forgot their password. What do I do?
You may update student passwords with the bank administration screen. To administer the online bank, click on the "Bank Admin" button at the top of this page. From that page there are several functions available, including the ability to update student passwords.
I am so confused!
Relax, it is simple to use the bank. Go to the Online Banking Account Creation link above to get your class user id and password along with all the instructions your students need to create their bank account. If you need help or get confused, just click on the contact us tab at the top of this page and let us know your question. We are here to help!
Have a question?
Do you have a question about teaching or learning about online banking? Do you want to use an online bank simulation for your class? Then we are here to help. Please let us know what questions you may have by clicking on the contact us tab at the top of the page.
Back to more Banking, Bank Accounts, and Earning Interest Lessons