Bankoz is the digital currency used within the program. It is exclusively for school transactions and serves as a medium of exchange for various activities and incentives.

Bankee digital platform serves as a virtual bank, on which students receive their allowance, salaries, bonuses, and fines, and pay their expenses. Each student participating in the program has a virtual bank account, which simulates real-life financial transactions.

At Bankee, students are presented with the chance to apply for classroom-specific or school-wide jobs, which offer them an opportunity to earn additional income or salary. Classroom jobs are tailored to each classroom and encompass roles such as attendance monitor or teacher's assistant. On the other hand, school jobs involve participating in extracurricular activities at the school level, such as joining the student council.

Teachers play a crucial role in guiding students through the program, setting financial goals, and monitoring their progress. They act as facilitators and provide support to ensure the successful implementation of the classroom economy model.

The Bankee Store is a central component of the Bankee program, where students can engage in real-life simulated transactions using the virtual currency, Bankoz. It serves as a practical and interactive platform within the classroom economy, allowing students to experience the process of buying and selling tangible and intangible items, thereby enhancing their financial literacy and decision-making skills.‍ ‍ The physical Bankee Store is typically set up as a designated area within the school, while the online store provides a convenient and accessible platform for students. In both settings, the store offers a wide variety of items and services that are relevant and appealing to students, such as school supplies, toys, stationery, and school privileges. This integrated approach ensures students have a holistic learning experience, developing their financial competence in both physical and virtual marketplaces.

To instil core values and accountability, Bankee incorporates a system of bonuses and fines. Students can receive bonuses for exceptional performance or positive behaviours, while fines may be imposed for rule violations or inappropriate conduct.

Students are required to manage their finances by making payments for classroom-related expenses, such as renting desks and paying utility bills such as water and electricity.

Students receive a predetermined allowance on a regular basis, mimicking a monthly salary in the real world.