A chance to win €25,000 for your school

Rules for the Bank of Ireland Money Smarts Challenge

Note: These competition rules (the “Rules”) apply to the Bank of Ireland Money Smarts Challenge (“the Competition”) organised by Bank of Ireland, Baggot Plaza, 29 – 31 Baggot Street, Dublin 2. When the terms “we”, “us” or “our” are used in these Rules it refers to Bank of Ireland.

General Rules

1. The Competition is organised by Bank of Ireland and our decision on all matters relating to the Competition will be final.
2. The Competition entry closing date is 11:59pm GMT on the 31st January 2021. Under no circumstances will late entries be accepted. A maximum of 100 teams, made up of 4 students per team, may enter the Competition on a first come first served basis. Once a team’s entry has been confirmed by us, they will be advised of which virtual regional event they will enter.
3. We reserve the right to hold void, suspend, cancel, or amend the Competition due to Covid 19 restrictions (or for any other reason outside our reasonable control) if we deem it necessary.
4. Each school can enter a maximum of three teams with each team consisting of four students. Second level students aged between 12-19 years on 31st January 2021, who are enrolled in a secondary school in the Republic of Ireland or Northern Ireland are eligible to be put forward for entry by a school.
5. The highest scoring two teams in each virtual regional event (in total twelve teams) will be put forward to compete in the virtual Grand Final which will take place virtually on a provisional date of the 24th March 2021 (this date may be amended by us if necessary).
6. There are three prizes for the winners of the Grand Final. The first prize is a prize of €25,000 to the school with the highest score as determined by us. The second prize is a prize of €5,000 to the school with the second highest score as determined by us. The third prize is a prize of €3,000 to the school with the third highest score as determined by us. We may also give pupils from winning teams discretionary small prizes. Winning schools must present fully audited accounts on request to Bank of Ireland before prizes are distributed. If you are a winner of the Competition you may be liable to pay tax on the prize and must make your own arrangements to discharge this liability.
7. If in the event that the Grand Final is cancelled, we will offer each school which was due to partake in the Grand Final a cash prize of €1,000 plus discretionary prizes for the participating students.
8. The Competition will be held virtually. Entrants to the Competition must follow all instructions we provide. We do not accept any responsibility for any technical issues faced by an entrant during the Competition including (without limitation) lack of hardware, inability to use any of the software, loss of connectivity, or other technical breakdowns.

Money Smarts Challenge Competition Rules

1. The Competition is open to teams of students enrolled in any Secondary School in the Republic of Ireland or Northern Ireland who submit a fully completed competition form via this link boi.com/moneysmarts before 11.59pm GMT on the 31st January 2021.
2. Schools will be asked to sign an anti-cheating declaration before partaking in any event. If we become aware of any breach of the declaration, the school will be immediately disqualified from the Competition.
3. The winners will be announced at the virtual Grand Final on the 24th March 2021.
4. We do not accept responsibility for entries which are not fully completed. Entries which are incomplete (i.e. some information requested on the entry form is not provided, altered, illegible or not in accordance with these Rules may be disqualified.)
5. The judging panel for the Competition will include at least one person who is independent of the promotion of the Competition. The names of those comprising the judging panel will be made available to Competition entrants prior to entering.
6. All participants in the Grand Final will face a test of skill, and the prize will be awarded to the team that scores the highest as determined by us. If there is a tie for 1st, place, the 1st prize will be awarded to the team who scores the highest in the fastest time. The other entry will be awarded 2nd place. If there is a tie for 2nd, place, the 2nd prize will be awarded to the entry that was fastest in time. The other entry will be awarded 3rd place.
7. The decision of the judges will be final and binding on all entrants. Correspondence will be entered into only at our absolute discretion.
8. All entrants (“entrant” includes any person who is a member of a team that enters or attempts to enter the Competition) acknowledge that we will use, store and process their personal details to run the Competition including for publicity purposes in accordance with our Data Privacy Notice which is available at https://www.bankofireland.com/privacy/data-protection-notice/. All entrants agree to the use of their names and addresses and/or photographs for publicity purposes. Entrants also agree that their names and addresses may be disclosed by Bank of Ireland to its agents for the purpose of administering the Competition and/or distributing the prizes.
9. Bank of Ireland reserves the right to vary and (or) substitute any/all element(s) of the prizes with prizes of similar or of greater value.
10. All prizes are non-transferable.
11. All entry conditions and instructions are deemed to form part of these Rules.
12. We will fund the provision of goods or services, but the contract will be between the winners and the supplier of the goods or services. We accepts no responsibility or liability whatsoever in relation to any matter arising out of the Competition, the Rules, any related contracts, or the enjoyment of the prizes and the winners will jointly and severally indemnify us from all liability in respect of such matters.
13. Students on teams who enter the Money Smarts Challenge must be over 12 years and under 19 years on 31st January 2021, or they will be ineligible to win a prize. The winners shall, if requested by us, provide satisfactory proof of age before being awarded a prize.
14. We reserve the right to cancel or postpone this event (including individual dates) due to low registration numbers COVID 19, adverse weather conditions or other extenuating circumstances.
15. Competitions are not an activity regulated by the Central Bank of Ireland.