AS PART of MoneySmart Week, secondary school students in Grafton and surrounds are being challenged to show how savvy they are with their finance skills.
By competing in the BOQ ESSI Money Challenge they give their school a chance to win $4000 and take home $1000 for themselves.
Competition organisers BOQ and Financial Basics Foundation have been providing financial literacy resources to Australian secondary schools for 10 years.
With the competition in its third year they are excited to see what high school kids across Australia have learned about financial education.
BOQ Grafton owner-manager Peter Gibbons said BOQ was committed to supporting financial literacy programs for young Australians.
"We believe financial education should start early and be realistic, and what the BOQ ESSI Money Challenge does is give students an opportunity to put some real-life money-making decisions into practice," Mr Gibbons said.
"It would be brilliant to see a local student take out the prize and walk away with the prize money."
The BOQ ESSI Money Challenge is open to all secondary schools within Australia.
The winning students will receive a $1000 cash deposit into a BOQ Web Savings Account and a bonus $4000 cash deposit into a BOQ Everyday Business Account for their school.
To enter, a teacher must register their school in the BOQ ESSI Money Challenge at www.essimoneychallenge.com.au.
The competition starts on Monday, September 3 and students must submit their entries by 5pm AEST on Friday, September, 14.
MoneySmart Week runs from September 2 to September 8.