School Banking

from 8:20am to 8:45am in the School Canteen

The School Banking program includes an exciting Rewards Program designed to encourage children to get into the habit of saving regularly.  Every time your child makes a deposit at school they receive a silver Dollarmites token. The first token will be received upon the first deposit at school. Once your child has individually saved 10 tokens they can redeem them for an exclusive Dollarmites reward item and they will also receive a Dollarmites gold token which they are able to keep. Students have lots of fun saving their tokens for cool rewards.

School Banking is also a great fundraiser for our school. The P&F receives $5 when children make their first deposit at school and a commission of 5% on every deposit made through the School Banking program (to a maximum of $10 per individual deposit).

Taking part in School Banking is easy.

  • If your child has an existing Commonwealth Bank Youthsaver account they can start banking straight away. They just need to bring their deposit in every week using their Dollarmites deposit wallet. If your child has misplaced their Dollarmites deposit book or deposit wallet, they can request a new one from either the local branch or contact a School Banking Co-ordinator.
  • If your child does not have a Youthsaver account, you can open one at any Commonwealth Bank branch, no forms to fill in! Remember to take in identification for you and your child (such as driver’s license and birth certificate), you will receive a Dollarmites wallet and deposit book on the spot and be able to start banking on the next business day – it is that easy!

If you are interested in your child taking part in the School Banking program, please see our School Banking Co-ordinators on the banking day mentioned above and they will be only too happy to answer any queries you may have.

Important information: Terms and conditions issued by Commonwealth Bank of Australia ABN 48 123 123 124 for Youthsaver Account are available from the Bank and should be considered before making any decision about the Youthsaver Account