Is Dollarmites still a thing?
The Dollarmites are officially dead, the Commonwealth Bank has confirmed, as states turn on the school banking program. ... But New South Wales' recent decision to ban it from classrooms is the final straw for the long-running program, the bank said. Visit Business Insider Australia's homepage for more stories.
What happened to Dollarmites?
New South Wales announced last week that Dollarmites was no longer welcome at schools in that state, taking the lead from Queensland, Victoria and ACT governments.
Why was school banking Cancelled?
The decision was made following the review of the Australian Securities and Investments Commission (ASIC) review on School Banking ProgramsExternal link on 15 December 2020, which found that the costs of the program outweighed the benefits.
How old do you have to be to get a debit Mastercard?
Your child typically needs to be 14 years old to get their own Visa Debit card, and 16 to get their own Debit Mastercard. However, some banks offer debit card access for children as young as 9 years old. Some banks also offer their own type of debit cards.