School Banking

Get involved in the School Banking program.

Queenies is excited to offer the Commonwealth Bank School Banking program to all students.

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 earn Dollarmites tokens, which they can save up and redeem for exciting rewards.

School Banking is also a great fundraiser for our school. Our school receives a Regular Savers Contribution of $5 for every 10 deposits processed per student as well as an Annual Contribution which is based on the number of students who made at least one School Banking deposit in the prior year.

Getting involved in School Banking is easy!

All you need to get involved in the School Banking program is a Commonwealth Bank Youthsaver account. You can open an account for your child in one of two ways:

  1. Online – Visit commbank.com.au/schoolbanking and click on the link to open a Youthsaver account.
  2. In branch – Visit a Commonwealth Bank branch with identification for yourself and your child, like a driver’s licence and birth certificate.

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.

School Banking day is Friday. Each week you need to deposit your completed bank book into the ‘Banking Deposit Box’ in the front office on Friday mornings before the bell goes for class.

Please ensure your child’s deposit slip is correctly filled out before banking with School Banking. The below example indicates the fields that are required to be completed.

Please keep an eye out as a parent information pack detailing the school banking program for 2019 will be coming home with your child in the next 1-2 weeks. However, if you would like to know more about School Banking, please visit commbank.com.au/schoolbanking

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