Our Community - School Banking


School Banking Account Opening Day

The Commonwealth Bank School Banking program is open to all students.
The School Banking program provides children with an opportunity to deposit money into their Commonwealth Bank Youthsaver account at school each week. The program is about how often your child makes deposits, not how much they deposit.
To encourage regular savings behaviour the program offers an exciting Rewards Program. Every deposit earns your child a Dollarmites token, and once they’ve collected 10 tokens they can redeem them for a reward.
The rewards available during 2016 are:
        Flying Snake Tail
        Wildlife Writer Set
        Mud Splat Handball
        Outback Pat Bag Tag
        Backtrack Eraser Pen
        Jump and Skip Rope
        Bush Fly Fan
        Wriggly Glow Worm
School Banking day is Wednesday in the Undercover Area. Each week you need to bring completed deposit book to the undercover area between 8.15-8.30am. We will be holding an Account Opening Day at our school:
Time: 8-9am, Date: 18 May Wednesday, Location: Undercover Area
If you are interested in opening a Commonwealth Bank Youthsaver account for your child please bring along your current driver’s licence or another form of photographic identification. Alternatively, you can open an account at your local branch. All you need to bring is your current identification as well as your child’s birth certificate. If you are an existing Commonwealth Bank customer and have NetBank, you can open an account online.
If you would like to know more about School Banking, please ask for a 2016 School Banking program information pack from your local branch.
School banking is an optional activity and parents are under no obligation to particpate and may select the bank of their choice for their child's banking needs, however the Commonwealth Bank is currently the only bank to provide a school banking service.