School Banking

Postponed until further notice due to Covid19

Message from Commonwealth Bank 

The health, safety and wellbeing of our communities and our people remains our highest priority. Due to the ongoing uncertainty surrounding coronavirus, the School Banking program will remain on hold. We will continue to monitor the situation and keep you informed with any updates including how we will be managing Dollarmite tokens for students. 

In the meantime, here are some handy online resources for parents who wish to maintain momentum with their child’s financial education: 

  • Start Smart: these resources have been created to improve children’s money management skills, and is aligned to the Australian Curriculum and the National Consumer Financial Literacy Framework. 
  • The Beanstalk: offers videos and fun activities for children to learn about money.

Kapinara Primary 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 tokens, which they can save up and redeem for exciting rewards.

The rewards available during 2020 are:

Handballs
Colour Change Markers
Tablet Case
Smiley Emoji Keyring
Pencil and Tech Case
Scented Stackable Highlighters
Snowy Origami Set
Yeti Fluffy Notebook
Icicle Slapband Ruler
Arctic Owl Fluffy Keyring
Scratch Art Cards
Water Skimming Bounce Ball
Polar Pencils and Pencil Toppers

New for 2020!

Term 1

Terry Denton’s Activity Book
Mini Soccer Ball

Term 2

Treetop Stationery Set
Treetop Handball

Term 3 

Tomato Seed Kit
Magic Mist Drink Bottle

Term 4 

Emoji Wallet
Snakes & Ladders Game

Redeeming reward items
For each deposit made at school students will receive a silver Dollarmites token. Once they have collected 10 tokens they can redeem them for a School Banking reward item. There are rewards to appeal to kids of all primary school ages. Reward items have staggered release dates throughout the year and are only available once they are released and while stocks last.

School Banking is also a great fundraiser for our school. Our school receives an annual contribution each calendar year when their first school banking deposit is processed. The amount paid is based on the number of students who made at least one School Banking deposit in the prior year. Plus, a Regular Savers Contribution of $5 for every 10 School Banking deposits processed per student, in line with the existing School Banking Rewards Program for students.

Getting involved in School Banking is easy!
All you need to get involved in the School Banking program is a Commonwealth Bank Youthsaver account.

1. If your child does not have a Commonwealth Bank Youthsaver account

Go online by visiting  http://www.commbank.com.au/schoolbanking   then click on the ‘Open Now’ link to open the Youthsaver account.  Once you have received your welcome pack (takes about 5 days) you can start depositing straight away on School Banking day.  (Please note: When you wish to make your first withdrawal from any CBA branch, you will need to provide your child’s birth certificate and drivers licence for identification).

2) If your child has an existing Commonwealth Bank Youthsaver account they can start banking straight away. They just need to bring in their account details on School Banking day.

School Banking day is Wednesday each week, you need to attend the music room from 8.15am -8.45am

If you would like any additional information about the School-banking program at Kapinara simply email us at schoolbankapinara@gmail.com  and the School Banking coordinator will assist you.