For over 80 years, the Commonwealth Bank has passionately believed all young Australians should learn about the importance of saving and smart money management.
Their school banking program gives schools an easy, fun and interactive way to teach kids money management skills they'll use for the rest of their lives. Parents simply need to open a youthsaver account for them. Kids can then bank at school and get a hands-on banking experience in a fun and interactive environment.
To encourage good savings behaviour, students will receive a silver coloured ‘Dollarmites’ token every time they make a deposit to their savings account at school, regardless of the amount deposited. When they have collected 10 tokens, they can redeem them for a variety of exclusive Dollarmites reward items, including a:
The more tokens children save, the more rewards items they can redeem during the year.
The program is a great fundraising activity because the school receives commission for every account activated via the school banking program. For each student who banks through the school's program for the very first time, and for each subsequent individual deposit made at school. For the past 2 years, Rouse Hill Public School has received over $700 per year in commission. This money has been pledged to go towards the purchase of iPads, in connection with the current technology upgrades and planning for the school.
For further information, please visit the commonwealth banks school banking webpage.