Payments

School banking

School Banking has been teaching money-management skills to generations of primary school Australians.

Children who participate are rewarded with Dollarmites tokens that they can redeem for exciting rewards when they deposit regularly into their savings account.

The program is supported with a range of fun and engaging materials to help them learn about money – and encourage them to save. Not only does it teach crucial money skills, it’s also a great way for schools to engage with parents and the broader school community.

School Banking competitions are also run at participating schools nationally, offering students the chance to win great prizes just by saving regularly.

Banking day is every Wednesday.

Benefits for schools

School Banking provides a great fundraising opportunity, with participating schools receiving:

• $5 for every account activated via the program

• 5% of every deposit made at school (up to a maximum of $10 commission per individual deposit)

or

• A minimum commission payment of $25 per quarter (provided at least one deposit or new account is received from the school per quarter).