The School Banking program provides a fun, interactive and engaging way for young Australians to learn about money and develop good saving habits. As a commitment to the financial literacy of our students Liwara Catholic Primary School conducts school banking through the Commonwealth Bank.
Run nationally since 1931 through participating primary schools, School Banking has been teaching money-management skills to generations of primary school Australians. It encourages children to regularly deposit money into their Youthsaver account and earn silver Dollarmites tokens, which can then be redeemed for an exciting reward through our Rewards Program.
Not only does it teach crucial money skills, it’s also a great way for schools to engage with parents and the broader school community.
School Banking is held each Thursday morning in the Ahern Centre from 8.15 – 8.45am.
Benefits for schools
School Banking provides a great fundraising opportunity, with participating schools receiving:
- $5 for every account activated via the program
- 5% of every deposit made at school (up to a maximum of $10 commission per individual deposit) or;
- A minimum commission payment of $25 per quarter (provided at least one deposit or new account is received from the school per quarter).
In 2016 alone, participating schools received over $2.3 million collectively.
School Banking Co-ordinators & Specialists
School Banking Co-ordinators are the volunteers who are vital to the success of the program. Supported by our School Banking Specialists, they facilitate the program, collect and process deposits at CommBank branches or Australia Post Offices, and manage the Rewards Program.