Program information

Program information

Our School Banking Program continues to grow and remain fresh so it’s always exciting for your students. We have  a great Rewards Program and there are more fun activities throughout the year.

 

Your school will benefit by receiving commissions for participating in the program.

Rewards Program

Our exciting Rewards Program makes it even more fun for your students to participate in the School Banking Program and also encourages them to save more regularly. Each time a child makes a deposit they receive a cool silver coloured Dollarmites token which they can redeem for exclusive Dollarmites reward items. Every year we have an exciting range of rewards to choose from – Dollarmites moneyboxes, wallets and handballs for example.  The rewards vary and will be communicated at the start of each school year.  These fun and enjoyable rewards are a great way to keep your students motivated and to demonstrate the value of saving.

 

As the purpose of the Rewards Program is to recognise individual savings behaviour, we have a ‘no pooling tokens’ rule (i.e. students receiving tokens from other students so they can collect tokens faster).

 

To recognise students who actively participate in the program we also have a range of milestone certificates which can be presented at school.

 

 

 
 

School Banking Specialists

We have 45 School Banking Specialists to provide advice and support to School Banking Co-ordinators.

 

Our Specialists support the School Banking Co-ordinator by sharing tips on the best way to run the program, help encourage participation and making sure everything runs smoothly throughout the year.

 

The School Banking Specialists contact each school regularly and where possible visit the school to provide on the ground support.

 

If you are a new Co-ordinator or you haven’t heard from a School Banking Specialist, please call our School Banking Helpdesk on 1800 674 496 (Monday to Friday, 9am to 4pm, Sydney time).

Commissions for schools

The School Banking Program continues to reward schools.

 

The financial benefits available to participating schools include:

• $5 for every Activated Account via the School Banking program (i.e. for each student who banks through the school’s program for the very first time)
• 5% of every deposit made at school (up to a maximum of $10 commission per individual deposit), or
• Minimum commission payment of $25 per quarter (provided at least one deposit or new account is received from the school per quarter)

 

The funds raised through the program can be used to buy new books, computers, sports equipment or anything else the school needs.
 

 

• Important information
  The advice on this website has been prepared without considering your objectives, financial situation or needs. Because of that, you should, before acting on the advice, consider its appropriateness to your circumstances. Please view our Financial Services Guide. Full terms and conditions for Youthsaver Account are available here or from any branch of the Commonwealth Bank. We may amend the structure of the School Banking program from time to time. We will notify you of any amendments to the level of service or commission rates. The current program structure can be viewed in this latest version of the School Banking Handbook or at www.commbank.com.au/schoolbanking