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About the School Banking program

School Banking is a fun, interactive and engaging way for young Australians to learn about money and develop good savings habits.  

Run through participating primary schools nationally, children who deposit money into their Youthsaver account through School Banking earn Dollarmites tokens which they can redeem for exciting rewards. 

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.

When children join the program they receive a Dollarmites deposit wallet and a Platybank money box, along with a range of fun, engaging materials to help them learn and encourage them to save.

About the Rewards Program

To help reward individual savings efforts, every time a student deposits into their Youthsaver account through School Banking, regardless of the amount, they’ll receive a Dollarmites token.

Once they’ve collected 10 tokens, they can redeem them for a variety of exciting reward items. They’ll also receive a certificate when they reach certain savings milestones.

School banking rewards

These fun rewards are a great way to keep children motivated and demonstrate the value of saving:

  • Flying Snake Tail – Out of stock
  • Wildlife Writer Set – Out of stock
  • Mud Splat Handball – Out of stock
  • Outback Pat Bag Tag – Now available to order
  • Backtrack Eraser Pen – Out of stock
  • Jump and Skip Rope – Out of Stock
  • Bush Fly Fan – Out of stock
  • Wriggly Glow Worm – Now available to order


Get your child started with School Banking

If your child's school is already involved, all you'll need to do is open a Youthsaver account for your child (or they can can use their existing one). Here are three ways to open a Youthsaver account. 

Apply for a Youthsaver account online

As a parent or legal guardian, you can open a Youthsaver account online for a child who's 13 or under.


Already a customer banking online with us?

Save time by using your NetBank details.

Open in NetBank

New customer or don't bank online with us?

Open now


Apply in a branch

You can apply in a branch for a child who's  13 or under. If the child is 14 or over, they can apply themselves by dropping in to the nearest branch with their birth certificate or passport.

Find a branch

Apply at school

Complete and return this form to your child’s school. 

Youthsaver account application (PDF)

Congratulations to the Outback Savers competition winner

Congratulations to C. Bird from All Saints Primary School (Albany Creek, QLD), who is the lucky winner of the 2016 School Banking Outback Savers competition and has won a family trip to meet the Irwins at Australia Zoo.

Well done to the thousands of School Bankers who qualified for the competition by making 15 or more School Banking deposits during Terms 1 to 3 this year. Please keep an eye out on an equally exciting competition as part of next year’s School Banking program.

Australia Zoo

Full day Platinum Zoo Adventure Tour at Australia Zoo, Qld where you’ll:

  • Travel around the zoo in style with your own personal zoo guide
  • Get up close with the animals
  • Meet Bindi and Robert Irwin on part of your tour
  • Enjoy morning tea, lunch and afternoon tea while watching crocodiles and koalas in the open-air Feeding Frenzy Food Court
  • Have your own personal photographer to capture every moment with Bindi, Robert and the animals.

Return domestic flights to Brisbane or Sunshine Coast, Qld (airport destination subject to flight availability)

4 nights’ accommodation at the Oaks Oasis, Sunshine Coast in a two bedroom villa with breakfast included

5 days’ car hire

$1,000 spending money

View full competition terms and conditions

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 rewards for saving, interactive games, downloads and tips to help children save for the things they want sooner. 

Explore Dollarmites


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.

Learn more