The invention relates to a multifunctional bus station board and a control method thereof. A station board body is provided with a monitoring and identifying device, a prompting device, a touch screenand a line display screen; a first controller is arranged in the station board body; one side of the top of the station board body is provided with a telescopic stop sign, wherein the one side of thetop of the station board body is adjacent to a road; the prompting device is used for prompting a passenger to input the bus line information of a bus to be taken through the touch screen; the firstcontroller controls the telescopic stop sign to extend out and displays a bus line where the bus needs to stop according to the inputted bus line information of the bus to be taken; and when no one needs to take a bus, the first controller controls the telescopic stop sign to retract. The invention also discloses a control method of the multifunctional bus station board. With the multifunctional bus station board and the control method thereof of the invention adopted, the invalid stop of the bus can be avoided, the operation efficiency of the bus can be improved, and traffic safety can be ensured.