Annual Financial Empowerment Scholarship

Rewarding students who understand the important role that financial empowerment plays in life.

$1,500

Scholarship award

Do you believe that financial empowerment plays an important role in your life and the lives of others? That reaching financial freedom should be a goal more people in the United States strive to achieve? Are you actively promoting financial empowerment in your community to help better our society as a whole?  

BM Technologies, Inc. is offering a $1,500 scholarship to one (1) excellent undergraduate or graduate student who is blazing a trail and shaking things up in the world of financial empowerment.

The 2025 Annual Financial Empowerment Scholarship application is now closed. The winner will be announced in September. If you missed your opportunity, be on the lookout for our 2026 application.

Be sure to follow us on social media for updates on when the application goes live!

Questions / Comments / Concerns? Email: scholarship@firstcarolinabank.com

Required materials*

1. Application (Electronic Form Below) with all sections filled out.

2. Creative Video (Must be a 30-60 second video) explaining the importance of financial empowerment in your life and career. Special consideration will be given towards those who are demonstrating an active role in promoting financial empowerment within their community. We highly encourage creativity! Suggested Format: MP4.

3. Unofficial Transcript (PDF) must be valid and reflect current academic standing, including a GPA of at least 3.0

4. Proof of Enrollment/Acceptance (PDF). This only needs to be completed if you are not studying at an accredited institution.

*Failure to include all required application materials and/or follow video guidelines will result in a rejection of the application.

Eligibility requirements

Be a citizen of the United States

Attend an accredited institution (Is your university accredited?)

Submit a complete 3-part application via the form below: 
1) Application 2) Transcript 3) Creative Video

If you are not in college, you must provide Proof of Enrollment/Acceptance

Need a minimum of 3.0 GPA

Frequently asked questions

How can this scholarship be used?

The 2025 Financial Empowerment Scholarship is to be used exclusively for school tuition and related expenses. A check for $1‚500 will be made payable to the award recipient’s university or college to cover educational expenses.

How many students will be awarded the scholarship?

The 2025 Financial Empowerment Scholarship will be awarded to ONE student who has achieved academic excellence and who demonstrates how financial literacy will make an impact in their lives.

Do I need to submit proof?

You only need to submit proof if you are not currently studying at an accredited institution - this means students who have not begun undergraduate studies or who are awaiting to begin graduate studies.

Am I allowed to submit an unofficial transcript?

Yes, as long as it is approved by your University’s Registrar Office, valid, and verifiable.

Do I need to have a specific major to apply?

The 2025 Financial Empowerment Scholarship is available to any student pursuing a degree in any field, which includes undergraduate and graduate students at accredited institutions. If you have a question regarding the eligibility of your program, please feel free to get in touch with us.

If you have a question not covered, feel free to email your question to scholarship@firstcarolinabank.com

Do I need to submit both proof of acceptance and proof of enrollment?

You will need to provide either proof of acceptance or proof of enrollment into an accredited college or university (undergraduate or graduate level), depending on your grade level. To find your proof of enrollment or acceptance, please contact your admitted institution’s registrar’s office. This document must come from the registrar. We are unable to accept print-outs or digital versions of your class schedule.

Again, you only need to submit proof if you are not currently studying at an accredited institution - this means students who have not begun undergraduate studies or who are awaiting to begin graduate studies.