“Under the guise of education and community service, the Commonwealth Bank has been grooming successive generations of customers for decades.
Dishonesty, greed and blatant customer recruitment should have no place in Australia’s classrooms.
Under a freedom of information request from the ABC, Queensland’s Department of Education has released the details of the Dollarmite scheme in Queensland schools.
The report has exposed that the Commonwealth Bank pays schools $200 a year for taking part in the program.
In addition, schools are paid $100 for every 100 students who sign up for an account and $5 for every 10 deposits made by a student.
In 2017 almost $400,000 was paid out to public schools in the state.” – Alan Kirland, “Time to Get Dollarmites Out of Schools”, ABC News, Wed 3 Oct 2018