Where to begin… 
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Many of us will have experienced school banking program at primary schools (do you remember Commonwealth Bank’s Dollarmites or similar programs by other state banks)?
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I had the dollarmite account when I was as @ school. but I do agree with what the govt is doing
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Makes sense. In 2020, there’s no logistical reason for school banking to exist, the banks only do it for commercial / marketing purposes.
As long as the school curriculum adds relevant financial education, I agree with the ban.
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I read that as ‘school bonking’ 
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Shame it took a Royal Commission to get things to change - The Barefoot Investor has been vocal on this topic for a while.
According to the VIC Govt press release they are
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It was with the State Bank of Victoria when I was in primary school.
Oh dear god no…please do not put those two words together…
We had Commonwealth Bank and the Dollarmites back in the early 90s. Then I moved to the local credit union (that my maternal grandfather had a hand in founding), then moved across to NAB then to Teachers.
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Excuse me young man. How do you even know what that is yet??!!
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They start sex ed young these days.
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Let kids be kids!
They’ll have 95% of their lives to enjoy sex!
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The sad thing is, and I do have a tiny bit of knowledge in this area, it’s the media surrounding them that is forcing some warped sexual imagery into them. The amount of times we’ve had to tell them to stop singing Cardi B’s WAP and informing us what it means is way too much.
As a male high school teacher, I dread mufti days, as this gives some kids an excuse to wear something way too revealing for someone their age. I remember one incident where a girl went ballistic when senior executive told her to put something on that didn’t show off her backside - more like hotpants hung half way up her bum then proper shorts.
In fact, one of things I do not like about my current school is the latitude we allow them with shorts. Some wear leggings with nothing over the top, and on occasion, the fabric is way too thin in certain areas. Others were the type of pants that they’d wear at Hooters. I know we’re in a low-SES area, but my last school was in a low SES area as well and the uniform was much, much better.
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Some kids are sexually active at that age, it’s nothing new, was the case 30 years ago when I was that age.
Should we delay the HPV Vaccine until later teens to satisfy the prudish?
As for school banking, we were with State Savings Bank, would take along a 50¢ coin and my deposit book every Wednesday. If I had any savings to deposit that would’ve been a visit to the branch during holidays or after school before closing at 4pm with my passbook to hear the dot matrix printer screech my updated balance in.
Still got that account today (after it transferred to the CBA in the early 90s.)
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One of my first memories was at Kindergarten and the teacher handing out Dollarmite deposit books to all the kids. I still have mine somewhere
What’s wrong with that?
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Gosh I feel old. The teller would enter the details of my deposit in my passbook with a biro and rubber stamp it when I was a kid. They must’ve loved seeing me trot in with my CBA Heritage Building money box full of bronze and silver coins for them to count.
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I didn’t have CBA staff visiting my primary school but I saw the Dollarmites TV ads and heard about the money tin which showed the front of the bank’s Martin Place office (not its then HQ on Pitt Street which is now an office building). I think my earliest bank account was Club Australia which was the bank’s savings account for 12-18 year olds, one level up from Dollarmites.
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Funny thing was my parents had opened a NAB account when I was born, that passbook was handwritten and stamped as long as I maintained it to around '98. So the SSB being computerised was quite fancy.
As an aside, a trip to the bank with mum always resulted in the teller stamping the back of a deposit or withdrawal slip with every stamp on the counter.
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I remember when I had just finished primary school. My State Bank savings account from seven years at primary school was a grand sum of about $50 (i thought that was a lot of money!) My mum dragged me to the State Bank to sign a withdrawal slip to take that money out and close the account as the amount was about the same as my school book list or fees for Year 7 and I guess money was a bit tight at the time. I think after the school fees were paid I had about $2 or $3 leftover to start saving again! I suppose I should appreciate that my savings went towards my high school education.
I’d love to know how the bank could verify my signature on a withdrawal slip as the account was opened when I was 5 or 6 years old and I suppose I signed something to open the account but who knows!
For whatever reason it had to be my signature on the withdrawal and my mum couldn’t sign as my parent/guardian? I don’t know why. It was the early 1980s, a different time!
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Remember getting into an argument with my mother when it came time to convert the school banking account to a regular account at the end of primary school because she wouldn’t let me get a keycard to access the account because she believed I’d misuse it. It had more to do with her fear of technology. She hasn’t used an ATM to this day and still insists on visiting her credit union every week to access money. We had to force her to get a plastic card just before the first lockdown in March in case they decided to close branches and she couldn’t access her pension.
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