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.

Make sure you never miss out on expert advice and stories from real parents by subscribing to Kinderling ConversationAvailable in iTunesSpotifyStitcher, or wherever you get your podcasts.

Listen to more Current News & Affairs segments

Early educators can't afford heaters in winter

They have one of the most important jobs in the country, and yet some early educators can’t afford to keep the heater on through the winter. The Independent Education Union…
9 mins

Should you opt out of My Health Record for your family?

You have until October 15th to opt out of the nationwide My Health Record database. If you don't opt out, the government will automatically give you (and your kids) a…
10 mins

Unsafe cots and prams are being sold around Australia, Choice Australia warns

You could be forgiven for thinking that cots and prams across Australia must pass Australian Safety Standards before they are sold to the public A recent report by CHOICE Australia…
11 mins

You're not my real mum: The love that goes into finding a child's birth mother

When you adopt a child from another country, how important is it to be able to trace their birth family The Federal Government has put it low on their list…
17 mins

Celebrate Refugee Week with gorgeous children's book 'Out'

Angela May George has written a children's book following one family's experience fleeing their country.  Out is a very gentle exploration of what it means to be a refugee. Angela…
10 mins

Why are Indigenous kids still being removed from their families?

The theme for Reconciliation Week is  Don’t Keep History a Mystery, and yet one of our biggest historical mistakes is being repeated across the country. Indigenous children are…
18 mins