Dollarmites accounts are the latest casualty of the Banking Royal Commission

Part of the Kinderling Conversation for parents. Weekdays 12pm-1pm.

Tue 22 May 2018

8 mins

If you grew up in the 80s or 90s, chances are you had a Dollarmites account.

The Commonwealth Bank saving scheme for children under 12 is the largest of its kind in Australia.

But now the Banking Royal Commission has found that CBA staff used the accounts fraudulently and Xavier O’Halloran from CHOICE Australia says it’s time to get banks out of our schools.

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