New to ClassBank? Follow this step-by-step guide to set up your classroom economy.
Most teachers start with:
⭐ Classes
⭐ Students
⭐ Bonuses
⭐ Classroom Store
You can add additional features like jobs, bills, savings, and co-teachers as your classroom economy grows.
ClassBank Setup Checklist
Follow these steps to get started:
Add your classes
Add students
Set up bonuses and fines
Set up your classroom store
Set up classroom jobs (optional)
Set up bills and expenses (optional)
Turn on Savings and Interest (optional)
Add co-teachers (optional)
Before You Add Students
⚠️ Children's Online Privacy Protection Act (COPPA)
If your students are under 13 years old, you must obtain parental consent before creating student accounts in ClassBank.
👉 See How to Collect and Track Parental Consent for step-by-step instructions.
Recommended Starting Amounts
Not sure where to start? These suggested amounts can help you create a balanced classroom economy.
Category / Grade Level | K-2 | 3-5 | 6-12 |
Bonuses | $1-5 | $5-20 | $5-20 |
Fines | $1-3 | $5-20 | $5-20 |
Salary | $2/week ($8/month) | $25/week ($100/month) | $250/week ($1,000/month) |
Store items | $1-10 | $20-200 | $20-400 |
Expenses | Optional | $80/month | $800/month |
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Base spending money | $8/month | $20/month | $200/month |
Prefer a video walkthrough? Watch Katie's setup tutorial below.
1. Add Your Classes
Create the classes you'll use with your students.
Go to: Blue panel on the main dashboard
Steps:
Click the + icon on the left side of your dashboard.
Create each class you plan to use.
2. Add Students
Add students so they can begin earning money, saving, and purchasing rewards.
Go to: Click your class from the blue panel and select Add Student
Choose one of the following three methods:
Option 1: Class Code
Select Class Code.
Share the class code with students.
Students go to classbank.com → Sign Up → Student.
Students enter:
Class code
Name (optional)
Username
Password
Important: Student passwords cannot be viewed after they are created. Have students record their passwords somewhere safe.
Option 2: Add Students Manually
Select Student Info.
Enter each student's:
Name (optional)
Username
Password
Important: Teacher-created passwords cannot be viewed later. We recommend saving or printing login credentials before finishing.
Option 3: Import Students
Download the student import template.
Complete the spreadsheet.
Do not change the column names or order.
Upload the completed file.
Option 4: School Subscription
Search for the student.
Select their name.
If they aren't listed, choose contact your administration OR ClassBank in the chat to confirm how best to add a a new student.
3. Set Up Bonuses & Fines
Reward positive behaviors and reinforce classroom expectations with bonuses and fines.
Go to: Class → Setup → Bonuses of Fines
🟢 Bonuses
Steps:
Select Add Suggested Bonuses to start with recommended options.
Edit existing bonuses or create your own.
Recommended starting point:
5–10 bonuses
$5–$20 each
🔴 Fines
Steps:
Select the Fines tab.
Recommended starting point:
3–7 fines
$5–$20 each
💡 Pro Tip: Bonus and fine you've preset automatically appear when sending transactions - use those to send quickly OR send a custom transaction!
4. Set Up Your Store
Create classroom rewards that students can purchase with the money they earn.
Go to: Class → Store → All Items
Steps:
Select Add Suggested Items to import recommended rewards.
Add custom rewards if desired.
Upload your own images or choose built-in icons.
Recommended starting prices:
Small rewards: around $5
Medium rewards: around $50
Premium rewards: around $100
Available with ClassBank Pro, you can also track inventory quantities.
💡 Pro Tip: Create your classroom store with your students to build excitement and ownership.
Keep your store open (toggle to open or close) so students can browse and save toward rewards at their own pace, then choose when students can make purchases (for example, weekly, biweekly, or monthly) to reduce management time.
With ClassBank Pro, you can use Student Helpers, like the Store Manager, to help manage the store and distribute items.
5. Set Up Classroom Jobs
Jobs give students a consistent source of income and encourage responsibility.
Go to: Class → Jobs → Add Job
Steps:
Add suggested jobs or create your own.
Hire students once jobs are created.
Recommended starting point:
Total monthly income: approximately $100
Suggested Salary Ranges:
Payroll Schedule | Suggested Salary |
Weekly | $20–30 |
Biweekly | $40–60 |
Monthly | $90–110 |
Optional: Student Job
Create a "Student" job if every student will not have a classroom responsibility.
After creating it:
Hire every student.
Enable Auto Pay
Optional: Turn On Auto Pay
Go to: Class → Jobs → Gear
Choose:
Weekly (Fridays)
Biweekly (1st & 3rd Friday)
Monthly (1st Friday)
💡 Pro Tip / Available with ClassBank Pro: Hire Student Bankers with ClassBank Pro to fully turn your economy over to your students. This not only increases student ownership but saves you time!
6. Set Up Bills
Bills help students practice budgeting and managing expenses.
Go to: Setup → Bills
Steps:
Add suggested bills or create your own.
Recommended starting point:
Rent: about $80
Utilities: about $20
Optional: Turn On Auto Expense
Go to: Class → Setup → Bills and select the gear
Choose:
Weekly
Biweekly
Monthly
7. Turn On Savings and Interest
Savings helps students build long-term saving habits. Interest rewards students for saving money.
Savings
Go to: Blue Panel → Select the gear → Edit Class
Steps:
Enable Savings.
Repeat for each class.
Available with ClassBank Pro: Interest
Choose an interest schedule:
Weekly (Fridays)
Biweekly (1st & 3rd Friday)
Monthly (1st Friday)
Optional:
Round interest to nearest whole number.
📖 Related Articles:
8. Add Co-Teachers (Available with ClassBank Pro)
Invite another teacher to help manage your classroom economy.
Both teachers must be upgraded to ClassBank Pro.
Both teachers must belong to the same school.
Go to: Class →Co-Teacher
Steps:
Click Add Co-teacher.
Choose the teacher(s).
The class will immediately appear in the co-teacher's account.
🎉 You're Ready!
Your classroom economy is ready to go.
Next steps:
Give students their login information.
Send your first bonus.
Open your classroom store.
Explore additional ClassBank features as your students become comfortable using the platform.
Need help? Contact our support team through the chat in ClassBank.
Frequently Asked Questions
Can I skip jobs or bills?
Yes. Many teachers start with bonuses and a classroom store, then add jobs and bills later.
Can I edit my setup later?
Yes. You can update your classes, students, jobs, store items, bonuses, bills, and settings at any time.
Do I need ClassBank Pro to get started?
No. The free version includes the core classroom economy features. Features like co-teachers, inventory tracking, interest, and student bankers require ClassBank Pro.
Can I add students after school starts?
Yes. Students can be added to your class at any time during the school year.
What should I set up first?
We recommend starting with classes, students, bonuses, and your classroom store. You can add jobs, bills, savings, and co-teachers whenever you're ready.