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About the School Banking program

The School Banking program provides a fun, interactive and engaging way for young Australians to learn about money and develop good saving habits.

Run nationally since 1931 through participating primary schools, School Banking encourages children to regularly deposit money into their Youthsaver account and earn silver Dollarmites tokens, which can then be redeemed for an exciting reward through our School Banking Rewards Program.

School Banking also provides fundraising support to schools through our School Banking Contributions Program.

The charismatic Dollarmites are ambassadors for the School Banking program. When children join the program they receive a Dollarmites deposit wallet to use when making School Banking deposits.

Children also receive a Platybank money box, along with a range of materials to help them learn and encourage them to save.

If your child’s school participates in School Banking, all you’ll need to do is open a Youthsaver account for your child or they can use their existing one. If they require a Dollarmites deposit wallet for their existing Youthsaver account, contact us or visit your nearest branch.

The Youthsaver account is a savings account that has no monthly account fees and offers a competitive bonus interest rate when you make at least one deposit and no withdrawals in a calendar month on balances up to $50,000.


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If you have any questions, please call 13 2221 anytime or visit your nearest branch. 

Rewards Program

To help reward individual savings efforts, every time a student makes a deposit into their Youthsaver account through School Banking, they’ll receive a silver Dollarmites token.

Once they’ve collected 10 tokens, they can redeem them for one of our exciting reward items. Two items are made available each term. Students also receive a certificate when they reach certain savings milestones.

School banking rewards

As part of our Super Savers theme, the following rewards are a great way to keep children motivated and demonstrate the value of saving. The rewards are released throughout the year.

  • Twister Power Handball – Released Term 1
  • Secret Scratch Notepad 
  • Glow Light – Released Term 2
  • Sparkle Glitter Pens – Released Term 2
  • Mighty Boom Handball – Released Term 3
  • Heat Reactor Pencils – Released Term 3
  • Slushie Maker Cup – Released Term 4
  • Zoom Flying Disc – Released Term 4

To redeem a reward, students must cut out the corresponding coupon from the Rewards Card and hand it in at school along with their 10 silver Dollarmites tokens.

Download your printable Rewards Card in colour >

Download your printable Rewards Card in black and white >

Enhance the School Banking experience with the CommBank Youth app

The CommBank Youth app provides a hands-on experience, teaching your child to earn, save and spend their money responsibly. With the CommBank Youth app, your child can:

  • Check the balance of their Youthsaver account
  • View School Banking deposits in their transaction history 
  • Track the number of Dollarmites tokens they collect
  • Set up savings goals and track progress
  • Create a list of chores/jobs they can do to earn pocket money.

Explore more >

  1. Download the CommBank Youth app on any iOS 9+ device.
  2. Your child can securely log on to the CommBank Youth app using their NetBank client number. If you can see your child’s account in your NetBank or CommBank app, you can set this up online. Otherwise, we can set this up in branch. You’ll just need to bring along personal ID, like your driver's licence and child’s birth certificate.

The competition for a chance to win a family trip to Hawaii has been drawn

Win a trip to Hawai

Congratulations to D. Smith, NSW on winning the School Banking Grand Prize competition and demonstrating regular savings habits with School Banking. You’ve won a family trip to Hawaii.

The trip includes:

  • Return economy flights to Honolulu, Hawaii plus airport transfers
  • 7 nights accommodation at the Sheraton Waikiki Hotel staying in a Luxury Ocean Room, with beach views and breakfast included
  • AU$2,000 spending money
View full competition terms and conditions

Fun saving tools and activities

Savings Tracker

Download and print this Savings Tracker for your child to keep track of this year’s School Banking deposits and develop good saving habits.

Super Savers Find-a-word

Can your child help the Dollarmites, Pru and Spen, find all the hidden words?

Related initiatives

The Beanstalk

A one-stop resource that helps you bring money to life for children. Browse tips and advice and download fun activities such as colouring-in sheets, puzzles and budget and chore trackers. 

Visit the Beanstalk


Designed for children under 12 years of age, Dollarmites makes money fun with online activities and tips to help children save for the things they want sooner.

Explore Dollarmites

Start Smart

Start Smart is Australia’s leading financial education program for students. Our Start Smart workshops make learning about money fun and give students the confidence to make smart decisions about money from a young age.

Start Smart

Things you should know:

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