Oatley West Public School

Great Kids, Great Teachers, Great School!

Telephone02 9580 5048


School Banking

What is School Banking?

School Banking is a rewards program run by the Commonwealth Bank.  The program aims at encouraging good savings behaviour. Parents simply need to open a Youthsaver account for their child. Students receive a silver Dollarmites token every time they make a deposit to their savings account at school regardless of the amount deposited. When they have collected 10 tokens they can redeem them for a variety of exclusive Dollarmites reward items such as handballs, wallets, knucklebones, games, torches, calculators and headphones. 

Under the School Banking Contributions Program, schools receive:

  • An Establishment Contribution of $200 when their first ever School Banking deposit is processed, or if a school re-joins after 12+ months.
  • 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.

     Number of students and Contribution: 
     1-100: $100
     101-200: $200
     201-300: $300
     301-400: $400
     401-500: $500
     501+: $600

  • 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.

Can you help with school banking? YES! We have several volunteers but need more to share the duties. Interested people please contact Jason Low.

M - 0402812525

E  - lowgenlee@gmail.com