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Money Smarts on Your Campus and Off

Posted on 1/29/2012 by Tania Admin in Teacher Gifts Mobile Mone Money Smarts Field Trips Allowance Event Tickets Cafeteria Donations Budgeting Online Shopping

Money handling can be a challenge in any school. Theft and fraud are always going to be a concern as long as insecure methods of payment like check and cash are prevalent at your school What if there was a way to remove cash and checks from your school and increase security for your staff, volunteers and students?

Transform Any Mobile Phone Into A Super Secure and Convenient Wallet

Now you can turn your phone into a remote control for school or personal finances. It’s not an amazing magic trick, it’s the latest technology - mobile monē. Staff, parents or students can use these accounts to pay for just about anything! 

With mobile monē you can send money to friends and family quickly and securely. You can send money to anyone with a mobile phone, even if they do not have a mobile monē account or an existing bank account. You can pay anyone with another mobile monē account using simple text or voice commands on your phone, or you can use a linked debit card to pay anywhere MasterCard is accepted. Unlike many other payment methods where payments can be delayed for days, when funds are transferred to a mobile monē account, the recipient can access them immediately!  No more writing checks or tracking people down, simply use your mobile phone, it is that easy.

Here are ten practical ideas for using Mobile Mōne to enhance your school and help your families:
  1. Give an Allowance to Anyone With a Cell Phone - This is a great way to start a child off with an FDIC insured bank account. Adding a linked MasterCard Debit Card gives the child the flexibility to pay anywhere and the mobile account balance notifications help them learn about budgeting - teach them to handle their finances well before they leave home!
  2. Gather Money for Field Trips - Rather than collecting cash and checks, have all of your parents pay to a field trip account using mobile monē. All the funds can be used specifically for field trip expenses with a linked Debit Card. It is all trackable and way more convenient than cash, checks and reimbursing teachers for expenses.
  3. Sell Event Tickets - Easily sell tickets to sporting events, concerts, plays, auctions, fall festivals and more! Just have each person who attends send funds to a School Mobile Mōne account. 
  4. Receive or Give Donations - mobile monē is also a great way to ask for extra donations at an auction or other fundraiser! Creating a mobile monē for a large fundraising effort like a Science Lab, new playground, Technology upgrades or a capital improvement project just got a lot easier to track!
  5. Buy Lunch in the Cafeteria - Are your students still toting cash to the cafeteria to buy lunch? So many problems are caused by students carrying cash. When students use mobile monē, their funds are locked until they unlock them using a special PIN number - just like an ATM! When they are ready to pay, they just unlock their phone and enter an amount to pay to the recipient's account - in this case, the cafeteria.
  6. Monthly Budgeting - so many of us are working from a monthly budget these days. Whether it is a school department or parent/teacher/student organization keeping a tight control over expenses or a personal monthly budget, mobile monē can help set and keep track of the funds you have to spend during the month. You only load what you need to the account, and then spending is limited to that sum. You can see all of your transactions and balances online any time or use special mobile codes to request a quick update via text any time. 
  7. Safe Online Shopping - Do you ever worry about giving your credit card online? Using a mobile monē account number solves that problem forever. If your mobile monē account is ever stolen, it won't work if it is locked and you can just cancel it without impacting your main credit card.
  8. Chipping In on a Gift - How many times during the year are you asked to chip-in on a larger group gift? Teacher gifts, holiday gifts, baby showers, end of season parties and more...now, using mobile monē, you can get everyone to chip in instantly to fund a gift that one of your friends or co-workers is going to buy. No more chasing people to pay up!
  9. Shared Project Costs - Another common problem is splitting the bill on a shared project - maybe a partner working on a Science Fair entry or a big group art project. Now everyone can contribute quickly, easily and securely with mobile monē.
  10. Set up a Prize or Reward System - If you reward great performance or contest winners with cash or checks today, consider giving them the gift of flexible, secure payments and financial education through a mobile monē account. 
Here at edRover, we use mobile monē to pay contractors, provide an easy to use petty cash account that can be replenished instantly as needed, and to provide an allowance to our kids...it is so easy to set up and use!

It's Easy To Get a Mobile Mōne Account

In minutes, you can link your phone number to an FDIC insured bank account that can load and transfer funds to or from any source. Your mobile monē account can be locked or unlocked on your phone to provide complete security on campus. You can even add a MasterCard Debit card for added flexibility! It's great for establishing a banking relationship and good financial habits that will last a lifetime. You'll be providing added convenience to your families, and it will help reduce cash and check handling, fraud and theft on your campus. 

Sign up at www.get.mobilemone.com/ and enter promo code 1319w to get the mobile wallet for free or 1319c for a substantial discount on the wallet/combo card courtesy of edRover!  Hurry! These codes will only be available for a limited time!