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School banking

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Commonwealth Bank School Banking Program

‚ÄčArundel State School 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 rewards for every 10 deposits made.

School Banking is also a great fundraiser for our school. Our school receives $5 when a student makes their first ever School Banking deposit and 5% commission on every deposit made through the school.

Wednesday is School Banking day. Each week students need to bring in their completed yellow deposit wallet and put it in the grey banking bag in their classroom.

If you would like to know more about School Banking, please ask for a School Banking parent information pack from the school office or visit CommBank School Banking

How to open a School Banking account

Getting involved in School Banking is easy!

All you need is a Commonwealth Bank Youthsaver account. You can open an account for your child in one of two ways:

  1. Online - visit CommBank School Banking 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.

How to complete your deposit slip for School Banking day.

Please ensure your child's deposit slip is filled out before banking with School Banking. All seven fields below need to be completed:

  1. Child's name

  2. Child's School Banking student number. Student numbers are issued on the child's first ever school banking day.

  3. Child's Youthsaver account number

  4. Date

  5. Amount in coins, notes and/or cheques (cheques made out to the student)

  6. Total amount of deposit

  7. Total amount of deposit (input into the "Add this deposit" field)

Questions?

Should you have any questions, please email our Volunteer School Banking Parent Co-ordinators and they will be happy to help: arundelschoolbanking@gmail.com


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Last reviewed 19 March 2021
Last updated 19 March 2021