School Banking

Teaching generations of young Australians the importance of good saving habits since 1931.

Getting started

 

Bilambil Public School is participating in School Banking with the Commonwealth Bank. 

When you open a Youthsaver account, your child will receive a Dollarmites deposit wallet to use for School Banking. If they have an existing Youthsaver account, contact or visit your nearest branch to receive your Dollarmites wallet.

With a Youthsaver, you can earn bonus interest on balances up to $50,000 when you grow your savings balance each calendar month (this excludes interest and bank-initiated transactions).

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How School Banking works:

It's easy as 1,2,3:

  1. Bring your deposit to school in your Dollarmites deposit wallet on your weekly ‘School Banking Day’ to collect a silver Dollarmites token

  2. Once you collect 10 tokens (if receiving physical tokens – maximum 1 token per week), you can choose a reward by placing the redemption slip and 10 tokens in your Dollarmites deposit wallet and bringing it in on School Banking Day

  3. Kids can track their savings progress in the CommBank Youth app

 

You can download a copy of our Parent Guide to School Banking.

Bilambil School Banking day is every Tuesday.

Please bring in your Dollarmites wallet and hand to your class teacher for collection and deposit.