HUME Bank has been recognised for its youth education by rating agency CANSTAR.
The business, which started trading as a bank this week, received the Best Value Australia Youth Banking and Education Award.
Chief executive Andrew Saxby said Hume helped children understand the value of money and how the banking system worked.
“When we won this award three years ago it was clearly a huge accolade,” he said.
“Now we’ve won it three years in a row, we’re going to claim we own it.”
Staff regularly attend local schools to talk to children about banking.
The business also has a Clancy Koala savings account with bonus interest rates when children make deposits and have no withdrawals in one month.
“It’s important to us but it’s far more important for the people on the street,” Mr Saxby said.
“We know if you’re not financially literate it costs you money. We’ve tried hard to get the message across.”