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How does the Rewards Program work for School Banking?

See all School banking FAQs

Last updated 10 January 2017

Redeeming reward items
For each deposit made at school students will receive a silver Dollarmites token. Once they have collected 10 tokens they can redeem them for a School Banking reward item. There are rewards to appeal to kids of all primary school ages. Reward items have staggered release dates throughout the year and are only available once they are released and while stocks last.

Ordering reward items
The ordering of reward items is managed by the School Banking Co-ordinator and conducted through the School Banking Portal. For instructions please refer to the School Banking Portal User Guide.

Combining tokens with other children
This is referred to as token “pooling” and is not permitted. The program focuses on rewarding individual savings behaviour.

As each child reaches a certain number of deposits you can present them with a certificate of achievement.

Bronze – 10 deposits
Silver – 20 deposits
Gold – 30 deposits
Outstanding Achievement – 40 deposits
Classroom Award – for any other School Banking achievements you would like to recognise.

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