Annual Financial Empowerment Scholarship

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

University students and teacher walking and studying in modern bleachersUniversity students and teacher walking and studying in modern bleachers

Two $2,500 scholarship awards

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 $2,500 scholarship to two (2) excellent undergraduate or graduate students who are blazing a trail and shaking things up in the world of financial empowerment.

The 2026 scholarship application window will be open from January 12 - May 30, and the recipients will be announced in August.

Have questions? View our FAQs below

Additional questions, comments, or concerns? Send us an email to scholarship@firstcarolinabank.com

Required materials*

  • Application (Electronic Form Below) with all sections filled out.
  • Creative video (must be 30-60 seconds) explaining the importance of financial empowerment in your life and how you are working to promote financial empowerment in your community—whatever that community looks like! We highly encourage creativity! Special consideration will be given to those who give their video edited polish. Suggested format: MP4.

    Please note, if you upload your video to Google Drive, make sure the sharing settings allow the video to be viewed by our committee. Videos that are not accessible may result in the application being ineligible for consideration.
  • Unofficial Transcript (PDF) must be valid and reflect current academic standing, including a GPA of at least 3.0
  • Proof of Enrollment/Acceptance (PDF). This only needs to be completed if you are not currently studying at an accredited institution.
A hand with two fingers held up to denote 2 days early feature. A mobile phone is shown behind the hand with a BankMobile debit card above the phone.

*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 application including the above required materials

Happy international students looking at laptop screen and smiling

Congratulations to our 2025 scholarship recipient, Alani!

2025 Scholarship recipient Alani

Submit your application today!

Frequently asked questions

How can this scholarship be used?

The 2026 Financial Empowerment Scholarship is to be used exclusively for school tuition and related expenses. A check for $2‚500 will be made payable to the award recipients' school(s) to cover educational expenses.

How many students will be awarded the scholarship?

The 2026 Financial Empowerment Scholarship will be awarded to TWO students who have achieved academic excellence and who demonstrates how financial literacy will make an impact in their lives.

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) 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. 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.

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 2026 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

Data Use Policy: Information gathered is used only to determine the authenticity of application materials and enrollment status. We (BM Technologies, Inc.) do not disseminate this information to third parties nor do we consider submission of this information as tacit permission to receive future promotional materials. The confidentiality of submitter information is maintained at all times.