School Banking (Dollarmites)

Get involved in the School Banking program.

Payne Road State School is excited to offer the Commonwealth Bank School Banking program to all students. School Banking is a fun, interactive and engaging way 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 $5 when a student makes their first ever School Banking deposit and 5% on every deposit made through the school (to a maximum of $10 per individual deposit).

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 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.
If you would like to know more about School Banking, 2018 School Banking program information packs will be handed out shortly to each student or visit

The Payne Road school banking coordinator is Mari Ring.  School Banking day is TUESDAY. Each week you need to hand your bankbook to your teacher, or to the office and your bankbook will be returned before the next banking day.

School Banking (Dollarmites)