Hello School Bankers


Wednesday is School Banking day and students should bring in their weekly deposit.


For every deposit made at school, students will receive a silver Dollarmites token. Once students have individually collected 10 tokens they can redeem them for an exclusive School Banking reward item in recognition of their regular savings habits.

Term 1 rewards are:

  • Twister power handball (Term 1)
  • Secret scratch pad (Term 1) – very popular!


School Banking is also a great fundraiser for our school.


Regular Savers Contribution

A Regular Savers Contribution of $5 is paid to the school for every 10 School Banking deposits processed per student, in line with the existing School Banking Rewards Program for students. Payment will occur on a quarterly basis in January, April, July and October.





To participate in school banking your child needs a a Commonwealth Bank Youthsaver account. If they do not already have one they can be opened in branch or online.

In branch - Visit any Commonwealth Bank branch - Parents will need to bring along identification for themselves and their child (eg their Driver licence and their child’s birth certificate).

Online - Visit and click on the link to open a Youthsaver account. When you have selected to participate in School Banking, a School Banking welcome pack will be mailed to your home address, including a Dollarmite deposit wallet and book. When the books arrive (6-10 working days), please write the account details onto the deposit book.  Then bring that deposit book along to school banking on a Wednesday.

Thank you for supporting the School Banking program at Our Lady of Good Counsel. We would also like to thank the wonderful parents who volunteer as our School Banking Co-ordinators and process our banking every week.



Sharon Seaman (Year 5 & 2) - School Banking Co-ordinator

School Banking team - Zana Appelbee (Year 5 & 1), Mel Fowler (Year 5, 2 & PP), Natalie Matsie (Year 2 & Kindy) and Tracy Morarty (Year 1)