School Banking

The Commonwealth Bank School Banking program is here! 

The School Banking program includes an exciting Rewards Program designed to encourage children to get into the habit of regular saving. Every time your child makes a deposit at school they receive a silver coloured 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. Students will have lots of fun saving their tokens for these cool rewards items.

School Banking is also a great fundraiser for our school. The school receives $5 when children make their first deposit at school and a commission on every deposit made through the School Banking program.

School Banking accounts can now be opened at any Commonwealth Bank branch. You no longer need to complete application forms and return them to school. Just go into any branch and ask to open a Youthsaver account for School Banking.

Remember to take in identification for you and your child (such as drivers 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 a Commonwealth Bank customer with NetBank you have the option to open the account online as well!


School banking is on Tuesday each week.