School banking programs to be banned in Canberra from July, after unanimous support from ACT politicians WedWednesday 10 updated ThuThursday 11 FebFebruary 2021 at 4:32am The Commonwealth Bank has run programs in schools since 1931, and dominates the school banking market. ( Print text only Cancel School banking programs, like Commonwealth Bank's Dollarmites program, will be banned from ACT schools from July, after a motion was unanimously passed in the Legislative Assembly yesterday afternoon. Key points: Banking programs will be banned from schools after the regulator found they were little more than marketing exercises by the institutions Members of the ACT Legislative Assembly voted unanimously in support of the ban, which will come into effect mid-year