School Banking at St Peter’s Primary School

You may be aware that, in the past months, a number of State and Territory Governments have announced bans on banks delivering programs in their schools because of a report from the Australian Securities and Investments Commission (ASIC).

Due to this ASIC review and government decisions, the CommBank is unable to continue providing programs in schools and has made the decision to close the School Banking program nationally.

As a result, the CommBank School Banking program will not be returning to schools in 2022.

Currently, St Peter’s Primary School offers 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.

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 previous year.

School Banking day is Wednesday and it is held in the Library from 8.15am to 8.45am.

The current school banking representative for St Peter’s Primary School is Joanne Oksanen – email – jmhloksanen@bigpond.com