24 September 2018

School banking

The Commonwealth Bank School Banking program is at Yuluma Primary School to help our children develop strong financial literacy skills, plus earn some extra benefits for our school.

The School Banking program includes an exciting Rewards Program designed to encourage children to get into the habit of making regular savings. Every time your child makes a deposit at school they receive a silver Dollarmites token. Once your child has individually saved 10 tokens they can redeem them for an exclusive Dollarmites reward item. Students will have lots of fun saving their tokens for these cool rewards items.

If you are interested in your child taking part in the School Banking program the quickest and easiest method is to visit any Commonwealth Bank branch in person. The bank will require identification of the parent or carer and the birth certificate of your child. You will immediately receive a yellow wallet with bank deposit book and can start banking at school on the next banking day.

Visit Coinland (www.coinland.com.au) for an animated virtual world where the children can meet the Dollarmites and learn about key basic financial concepts such as earning money, saving and setting savings goals in a safe and fun environment.

Every child who opens a new account through School Banking will receive a free Platybank moneybox.

Alternatively, 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 using their Dollarmites deposit wallet.

School Banking is also a great fundraiser for our school. The school receives $5 for each new account opened and a commission on every deposit made at school.

From time to time there are competitions to encourage more saving.
For details please check the P&C website.

School banking day is every Thursday morning in the Uniform Shop between 8.20 am and 8.40 am.

If you have any questions, please contact:

School Banking Co-ordinator
Cara Haloun

Alternatively, you can visit commbank.com.au/schoolbanking

Parents information packs are available at the Front Office.

Alternatively, you can fill in the form below to request for a free application pack and return to the P&C box at the Front Office.

Important information: Terms and conditions issued by Commonwealth Bank of Australia ABN 48 123 123 124 for Youthsaver Account are available from the Bank and should be considered before making any decision about the Youthsaver Account.

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