Article

School Banking Program - 2019

Wednesday 06 Feb 2019 by P&F Association

The Redlands College P&F Committee 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.

Rewards Group Shot 1 LRC

The rewards available during 2019 are:

  • Scented Stackable Highlighters
  • Snowy Origami Set                
  • Icicle Slapband Ruler
  • Yeti Fluffly Notepad
  • Arctic Owl Fluffy Keyring
  • Scratch Art Cards
  • Water Skimming Bounce Ball
  • Polar Pencils & Pencil Toppers

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 Wednesday.  Junior School students should put their deposit book in the class banking bag on Wednesday mornings.  Middle/Senior school children should drop their deposit book into the banking box at student reception on Wednesday mornings (deposit books will be available for collection by students on Wednesday afternoons after the banking has been processed).

If you would like to know more about School Banking, please ask for a 2019 School Banking program information pack from the school office, visitcommbank.com.au/schoolbanking or email schoolbanking@redlands.qld.edu.au.