Victoria will ban school banking programs like Dollarmites – and the Commonwealth Bank says it is ‘surprised and disappointed’ by the move – Business Insider Australia

• Victoria is banning financial institutions from offering school banking programs in 2021.
• It comes after concerns raised about the way banks use such programs to lure children into loyalty with them from a young age.
• The Commonwealth Bank told Business Insider Australia it was “surprised and disappointed” by the state government’s move.
• Visit Business Insider Australias homepage for more stories.

The Victorian government will stop banks and other financial institutions from bringing banking programs…

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