CBA branch changes help secure services and employment in regional Australia miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
Date Time
CBA responds to ASIC review of school banking programs
Commonwealth Bank has actively participated in the Australian Securities and Investments Commission (ASIC) review of school banking programs over the past two years, to ensure our program continues to support the financial wellbeing of young Australians. While we acknowledge some of the findings, we do not believe they are entirely consistent with international research or our own, and we do not agree with the overall assessment of school banking programs.
As noted in ASIC’s report released today, school banking programs are very highly regarded by participating schools, students and parents. There is also considerable evidence that children who have a bank account and participate in our School Banking program are more effective savers and attain higher financial literacy than other children of the same age.