School Banking is back from the first week of Term 3 and check out the new rewards!
Claremont College is excited to offer the Commonwealth Bank School Banking program to all students and after a temporary pause in Term 2, it’s now back from the first week of Term 3.
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 will earn an exciting reward every time they reach 10 deposits.
Due to the pause, we now have both Term 2 and Term 3 Treetop Savers rewards items available - some of the best yet!
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. Deposit books and wallets are available from the school banking drawer in the office.
School Banking day is Tuesday. Each week you need to put your completed deposit in the school banking drawer in the office.
If you would like to know more about School Banking, please ask for a 2020 School Banking program information pack from the school office or visit commbank.com.au/schoolbanking
Jeff Morton and Betty Preshaw
School Banking Coordinators