School Banking (Dollarmites)
School Banking Friday Mornings
Please do not place deposit books in the P&C box or at the office. Deposit books are collected from the classroom.
School Banking is a fun, interactive and engaging way for young Australians to learn about money and develop good savings habits. Children who deposit money into their Youthsaver account through School Banking can earn exclusive School Banking rewards in recognition of their regular savings habits.
Welcome Back School Bankers. School Banking starts on Thursday 14 February 2019. We have great Polar Saver Rewards to collect Please bring your Dollarmite deposit book with the slip filled and your money. The teachers will collect your Dollarmite deposit wallet from...
How School Banking helps our School
School Banking is also a great fundraiser for our school. CBA have introduced a new contributions scheme for School Banking.
Each year CBA will make a contribution based upon the number of students who made at least 1 deposit in the previous year. That is, 1-100 students will earn us $100, 101-200 students will earn us $200, up to 501+ students making a deposit will earn us $600 per year.
On top of this for every 10 School Banking Deposits processed per student we will earn $5. So, if a student is a regular saver, they can earn for our school $20 each year. We have just under 400 students, so that could be almost $8,000 for our school for just making a weekly deposit into school banking, learning the value of saving, and earning great prizes!
Getting involved is Easy!
All you need is a Commonwealth Bank Youthsaver account.
If your child has an existing Commonwealth Bank Youthsaver account they can start banking straight away. They just need to bring their deposit in every week on School Banking day using their Dollarmites deposit wallet.
You can open a Commonwealth Bank Youthsaver account for your child in one of two ways:
commbank.com.au/schoolbanking and click on the link to open a Youthsaver account.
Visit a Commonwealth Bank branch with identification for yourself and your child, like a driver’s licence and birth certificate.
Best of all, younger and older siblings (brothers and sisters) can participate too, they don’t have to attend MBPS. Open their account and send their deposits to school with their brother or sister. They can receive the rewards as well!
How does school banking work?
Each week you or your child need to complete the deposit slip and enclose the correct money inside one of the velcro pockets in the yellow deposit wallet, before taking to school. Following the morning announcements, the teacher will request the class deposit books to be placed in a banking bag, and this will go to the banking volunteer team for processing.
Parents and carers are welcome to come along and help out over a cup of tea or coffee and a friendly chat. The collection and counting is either done in the boardroom or the staff room, just ask at the office to find out.
If you have any questions, you are welcome to email firstname.lastname@example.org or pop in and see us.
If you would like to know more about School Banking, please visit commbank.com.au/schoolbanking