Student banking internship project
-
Upload
adam-white -
Category
Business
-
view
3.917 -
download
3
description
Transcript of Student banking internship project
![Page 1: Student banking internship project](https://reader033.fdocuments.net/reader033/viewer/2022061201/5479faf2b4af9f08748b476a/html5/thumbnails/1.jpg)
Student Banking Internship (RLPS)
Adam WhiteSummer 2010
![Page 2: Student banking internship project](https://reader033.fdocuments.net/reader033/viewer/2022061201/5479faf2b4af9f08748b476a/html5/thumbnails/2.jpg)
GoalsTo bring valuable information and creative ideas
in a way that is in the best interest for the student banking team.
Apply skills to real world applications and work situations
Learn about several different aspects and departments of the bank
Build relationships
![Page 3: Student banking internship project](https://reader033.fdocuments.net/reader033/viewer/2022061201/5479faf2b4af9f08748b476a/html5/thumbnails/3.jpg)
Student Banking
On-Campus Off-Campus
UCard Branch
![Page 4: Student banking internship project](https://reader033.fdocuments.net/reader033/viewer/2022061201/5479faf2b4af9f08748b476a/html5/thumbnails/4.jpg)
A Day at The BranchAssisted in opening accounts for college
students at different universities in Missouri and Kansas. (1st account- International Student)
Used key selling tactics for each university to obtain accounts.
Assisted in Marketing efforts at the universities (T-shirts, Prize Wheel).
![Page 5: Student banking internship project](https://reader033.fdocuments.net/reader033/viewer/2022061201/5479faf2b4af9f08748b476a/html5/thumbnails/5.jpg)
Summer Orientation Setup Branch on campus!University Card
(680 Checking Accounts)
![Page 6: Student banking internship project](https://reader033.fdocuments.net/reader033/viewer/2022061201/5479faf2b4af9f08748b476a/html5/thumbnails/6.jpg)
No Branch on CampusTwo ATMs on campusTwo branches- Downtown Columbia(305 Checking accounts)
![Page 7: Student banking internship project](https://reader033.fdocuments.net/reader033/viewer/2022061201/5479faf2b4af9f08748b476a/html5/thumbnails/7.jpg)
Branch on campus!ATM access on Campus(356 Checking Accounts)
![Page 8: Student banking internship project](https://reader033.fdocuments.net/reader033/viewer/2022061201/5479faf2b4af9f08748b476a/html5/thumbnails/8.jpg)
Key Selling TacticsDifferent approaches at each universityFree Student Checking Account. (No
minimum balance)Branch on campusFree Mobile Banking/E-Statements
(Overdraft Charges)$125 Incentives offerSaves Time and Money (OCB, ATM Fees)
![Page 9: Student banking internship project](https://reader033.fdocuments.net/reader033/viewer/2022061201/5479faf2b4af9f08748b476a/html5/thumbnails/9.jpg)
A Day In the OfficeVariety of different projects
Bank Rankings 2010 report (Commerce ranked # 13)
Social Media Banking ReportCompile weekly sales reports from universities Direct Check, Gift Card, (demographics) Email Marketing ReportStatement Messages regarding different
universitiesInterviews/ Job shadows
![Page 10: Student banking internship project](https://reader033.fdocuments.net/reader033/viewer/2022061201/5479faf2b4af9f08748b476a/html5/thumbnails/10.jpg)
Political Changes Affecting the Industry
Card Act
•Restricts Marketing & Issuing Credit Cards on college campuses.
•21 and under must have co-sign unless shown proof of means to repay the card
KU2008- 336 SPC2010- 13 SPC
Financial Reform Bill
(Durbin Amendment)
•Government will regulate the interchange fee associated with Debit or Prepaid cards issued by large banks
•Visa & MasterCard currently charge around 1-2% of transaction amount
Cause: Banks will forced to charge fees on student checking accounts
Effect: Students may revert back to cash and checks for payment options
![Page 11: Student banking internship project](https://reader033.fdocuments.net/reader033/viewer/2022061201/5479faf2b4af9f08748b476a/html5/thumbnails/11.jpg)
ConclusionsVariety of opportunities within the bank.
(Retail/Commercial) Networking with other members outside of
your department (Building Relationships)Adaptation with products and services (Finding
consumers needs, marketing to your target)Lunch & Learns Time Management
![Page 12: Student banking internship project](https://reader033.fdocuments.net/reader033/viewer/2022061201/5479faf2b4af9f08748b476a/html5/thumbnails/12.jpg)
Special Thank YouDon Becker * Emily Mahnken * Dave Knott * Tina Tubwell * Jenni Kahle
Kevin Kingdon * Kathy Bluhm * Carl Bradbury * Kim Cain * Craig Woodson
Betty Maes * Jennifer Dreher * Aaron Siders * Alistair Nugent * Sharon Bock
Jay Reardon * Scott Boswell