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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 Rewards Program.

It’s also a great fundraising activity, with participating schools receiving 5% of every individual deposit made at school (up to $10), along with other benefits.

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 is already involved in School Banking, all you’ll need to do is open a Youthsaver account for your child or they can use their existing one. 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.

You can apply to open a Youthsaver account online for your child in just minutes.

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Questions?

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 Future 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.

  • Cyber Handball – Term 1
  • Colour Change Markers – Term 1
  • 3D Chalk Set – Term 2
  • Tablet Case – Term 2
  • Smiley Emoji Keyring – Term 3
  • Volt Handball – Term 3
  • Pencil + Tech Case – Term 4
  • Epic Earphones – 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 >

Future Savers can experience the magic of Tokyo Disneyland

The School Banking program not only puts your child on the path to good money skills, it might even put them on the path to Tokyo Disneyland. In 2017, one lucky Future Saver will fly to Japan for an unforgettable family trip.

Australia Zoo

Every student who makes 15 or more School Banking deposits by the end of Term 3, 2017 will automatically go into the draw to win a family trip for up to two adults and three children to explore Tokyo Disneyland and its amazing attractions, including the futuristic Tomorrowland.

  • Five nights’ accommodation at the Sheraton Grande Tokyo Bay Hotel
  • Return economy airfares from the winner’s nearest capital city to Tokyo, Japan
  • Three-day Magic Pass to Tokyo Disneyland & Tokyo DisneySea
  • AU$1000 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.

Future Savers Challenge

Join the fun times at the futuristic Savings Hover Park. Can your child help the Dollarmites solve these challenges?

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

Dollarmites

Designed for children under 12 years of age, Dollarmites makes money fun with rewards for saving, interactive games, downloads and tips to help children save for the things they want sooner. 

Explore Dollarmites

StartSmart

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

Start smart