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