Direct deposit to school
All School Saving Bonus funds are paid directly to a school’s high yield account. Schools’ bank details are stored in the accounts payable system and payment will be made accordingly.
Government schools will receipt this money to the respective parent/carer through CASES21 in accounts receivable via the SSB 70008 message and an auto-allocate journal.
Schools must notify Schools Finance and Resources Branch in writing as soon as possible if their Electronic Funds Transfer (EFT) details change at schools.finance.support@education.vic.gov.au
Includes information on how School Saving Bonus funds are paid
Reviewed 27 August 2024