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Preschools

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Preschool Accounts

Day to Day Account

Manage your preschool's everyday banking needs with ease and added security.

Find out more

 0.05% pa
interest rate
($1 - $14,999)

 0.05% pa
interest rate
($15,000 - $29,999)

Call +855 97 542 5306 Web Chat

Petty Cash Account

Conveniently manage your preschool's petty cash requirements.

Find out more

 0.05% pa
interest rate
($1 and over)

Call +855 97 542 5306 Web Chat

Fundraising Account

Make the most of your preschool's efforts with an account dedicated to tracking and managing fundraising.

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 1.00% pa
interest rate
($1 and over)

Call +855 97 542 5306 Web Chat

Long Service & Sick Leave

Manage your preschool's staff leave entitlements with ease.

Find out more

 1.90% pa
interest rate
($1 and over)

Call +855 97 542 5306 Web Chat

 

Managing finances

We exist to benefit the entire teaching community, including schools and preschools. We have the banking solutions for all of your preschool’s finances, with the customer service to back it up.

Your preschool can easily apply and take advantage of the following benefits:

Manage your day-to-day expenses easily

We understand that each preschool has varied day-to-day expenses. Our accounts make looking after the finances of your preschool simple. With our everyday accounts, you can manage your bills easily with the convenience of BPAYand transfer funds to third parties whenever you need to with Internet Banking. We even have accounts to help you manage your petty cash and make small purchases when you need to.

Grow your profits

Choose accounts and investments that will help you to increase your preschool’s profits. Our Preschool Savings Account grants you a higher interest rate on funds that you do not need in your day-to-day account, whilst letting you access your funds easily. Or you could choose to take advantage of our generous Term Deposits. If you need help managing your Preschool’s Long Service and Sick Leave Provisions, we also have the perfect account for that.

Keep your finances secure

We understand that you want to protect the finances you have been entrusted with. All of our preschool accounts grant you easy access to your funds, but incorporate security measures to make sure that those funds are safe. Our preschool accounts offer a Secure Access option, meaning that only signatories and authorised staff members such as your Bursar or Business Manager can access account information and check your balance using Phone or Internet Banking.

Get support when you need it

As part of our mission to serve the education community, we are fully committed to providing the ongoing support you need to maintain your preschool’s finances.

We have the resources you need to manage your preschool’s finances. Speak to one of our Relationship Officers about your preschool’s needs on +855 97 542 5306

 

Featured Products

Day to Day Account

Manage your preschool's everyday banking needs with ease and added security.

Find out more

 0.05% pa
interest rate
($1 - $14,999)

 0.05% pa
interest rate
($15,000 - $29,999)

Call +855 97 542 5306 Web Chat

Petty Cash Account

Conveniently manage your preschool's petty cash requirements.

Find out more

 0.05% pa
interest rate
($1 and over)

Call +855 97 542 5306 Web Chat

 

Preschool banking case study

We are committed to providing preschools with a comprehensive banking package, to manage their finances. We understand some of the challenges preschools face, including annual changes to preschool committees making it difficult to keep track of funds allocated for particular purposes.

Below is a preschool case study, outlining how a preschool can effectively manage their finances at low cost, whilst increasing interest earnings to invest in student education.

ABC Preschool has the following accounts in place to manage funds effectively and provide clarity to committees:

  • The Day to Day Account is used as the main operating account. This account requires two signatories to transact, ensuring funds are secure. Parent contributions are either paid directly to the account or deposited at the local Commonwealth Bank branch. Bills are paid via Internet Banking and there is a Cheque Book attached, to pay suppliers when required.
  • The Petty Cash Account has an ATM card linked and is used by the nominated preschool teacher to make small purchases such as craft supplies. This way, teachers have the ability to easily manage their daily routine and there is no need to keep cash on the premises. Plus, for added security, all transactions from this account can be viewed via Internet Banking.
  • The Long Service and Sick Leave Provision Account is used to allocate funds specifically for staff leave requirements. This is ideal as committees change, so that there is no confusion and funds are not spent in other areas. ABC Preschool has set up an automatic monthly payment into this account to ensure they have savings available, when required. At the end of each quarter, the balance of the account is swept into a Term Deposit – resulting in a higher interest rate and increased earnings for these savings.

As needs change ABC Preschool have the ongoing support of our Relationship Officers, given our understanding of the special needs and requirements of preschools.

 

Featured Products

Day to Day Account

Manage your preschool's everyday banking needs with ease and added security.

Find out more

 0.05% pa
interest rate
($1 - $14,999)

 0.05% pa
interest rate
($15,000 - $29,999)

Call +855 97 542 5306 Web Chat

Petty Cash Account

Conveniently manage your preschool's petty cash requirements.

Find out more

 0.05% pa
interest rate
($1 and over)

Call +855 97 542 5306 Web Chat

Important Information
Schools and Preschools Interest Rates effective 1 December 2015. Interest is calculated daily. Interest rates are per annum, current at the time of printing and are subject to change without notice.