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Victorian Government bans financial institutions running school banking programs like Dollarmites – ABC News

The Victorian Government says “low-quality” school programs run by banks and financial institutions will be replaced by school-run activities in line with the state…

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The Victorian Government says it will ban “low-quality” school banking programs run by financial institutions from next year, spelling an end to the controversial Dollarmites program in state schools.

  • The Government says the activities run by banks and other institutions are “low quality” and aimed at getting new customers
  • Programs like the Commonwealth Bank’s Dollarmites scheme will be replaced with curriculum-linked classes
  • It comes as ASIC is conducting a review into school banking programs

The…

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