School Banking is closing nationally

We’re sad to announce that the CommBank School Banking program will not be returning to schools in 2022.

For 90 years, our School Banking program has helped children learn about money, reinforced the importance of regular savings and provided structure for parents to support their children to save.

We've had strong support from thousands of schools, parents and teachers across the country who choose to run our program. We’re disappointed with the position taken by the Australian Securities and Investments Commission (ASIC) and subsequent decisions by some state and territory governments to take that choice away from individual schools and parents. Because of the ASIC review and these government decisions, we’re unable to continue providing programs in schools, and we’ve had to make a difficult decision to close our School Banking program nationally for all schools, both government and non-government, across the country.

Thank you for your support

A message from our Group Executive Retail Banking Services, Angus Sullivan.

Share your School Banking memories

Even though this is a sad time, School Banking has taught so many young Australians, past and present, the value of money and we believe this should be celebrated.

We've created a place for you to share your stories, fondest memories and lessons learnt through the program. From our iconic moneyboxes to the joy of reaching your savings goal, we’d love you to share your School Banking memories with us.

Tell us your story

A look back at our School Banking history

Since our School Banking program was established in 1931, we’ve helped more than 15 million Australians take their first financial steps. This wouldn’t have been possible without the wonderful support we’ve had from the schools and volunteers we’ve partnered with over the journey, and for this we’re deeply grateful.

Our commitment to financial literacy

While our in-school program will close, we're committed to supporting financial wellbeing and will continue to provide financial education to young Australians. Visit our new CommBank Youth Hub for a range of free resources, including lesson plans, videos and worksheets, for both parents and teachers.

We're also working with a range of experts to evolve our approach to financial education and are excited to launch new digital tools in 2022 to further support young people’s financial wellbeing.

Visit Youth Hub

FAQs

I’m a parent. Can I still access my child's Youthsaver account?

You can continue to make deposits into your child’s Youthsaver account through online transfer or at any CommBank branch.

If you need further information regarding your child’s bank account, please phone 132 221, or visit your local CommBank branch.

I’m a parent. What resources do you have available to help me teach my child about money?

All our youth financial education resources for parents are available in our CommBank Youth Hub, where you can access a range of free resources including videos and worksheets.

I’m a School Banking Coordinator. What do I need to do to wind up the program at my school?

Closer to the end of the year, we’ll provide more information about the next steps required to wind down the program at your school. 

I’m a School Banking Coordinator. Can I still run school banking at my school until the end of the year?

Yes. Please feel free to continue to run the program as you normally would until the end of the school year, in line with the relevant health advice and government directions for your area.

Closer to the end of the year, we’ll provide more information about the next steps required to wind down the program at your school.

I’m a teacher. What resources do you have for me to teach my students about money?

All our youth financial education resources for teachers are available in our CommBank Youth Hub, where you can access a range of free resources, including lesson plans, videos and worksheets.

I’m a parent with a question. How do I contact CommBank?

If you need further information, please phone 132 221, or visit your local CommBank branch.

I’m a School Banking Coordinator or School Principal with a question. How do I contact the School Banking team?

If you have any questions, please contact our School Banking Helpdesk on 1800 674 496, Monday to Friday 9am to 5pm (AEDST).