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  1. #21
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    Every centre I've ever worked in change a 2 week bond to be paid ASAP when you enroll. Sometimes it can take a week or two for that to happen. We also ask $50 deposit to secure a spot once you take it
    The reason?
    Many families skip out of the fees and pull their kids and leave own many $$$. Also every year we will have families that will say yep we want that day fill out all the forms etc and never turn up. Than we will have a family come in and we can't give a spot out as none are available all along that family isn't coming so the $50 kinda secures people to come back and take the spot allocated to them
    Generally the bond is than transferred to your account during your final two weeks at the centre wether that be after a few months or a few years

  2. #22
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    Quote Originally Posted by share a book View Post
    Yep, 2 weeks in advance plus a bond which is the equivalent of 2 weeks full (not subsidised) fees. That's to make sure if parents pull out it covers the last 2 weeks which has no subsidy if the child doesn't attend. Otherwise it's refunded.
    My boss just charged the reduced ccb fees as the two week bond and no 2 weeks in advance

  3. #23
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    I don't understand the need for a bond plus two weeks on advance how ridiculous. Shouldn't the two weeks in advance be enough of a bond.
    To the op I've never had to pay a bond at my sons daycare, in fact I didnt even have to pay fees in advance

  4. #24
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    Quote Originally Posted by Mopoke View Post
    wow im shocked. arnt those amounts more than a bond for a houst/unit? not sure as ive never rented but i thought a bond was $500. i dont get what they do with the money other than earn interest on it. if 100 kids went there and paid $660 bond then thats $66,000 they are earning interest on.
    A bond for a rental property should equivalent to 4 weeks rent... so I hope people aren't paying on a daycare bond as they are for a housing bond!

  5. #25
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    Quote Originally Posted by Mopoke View Post
    wow im shocked. arnt those amounts more than a bond for a houst/unit? not sure as ive never rented but i thought a bond was $500. i dont get what they do with the money other than earn interest on it. if 100 kids went there and paid $660 bond then thats $66,000 they are earning interest on.
    My last rental bond was $1600. Dd cc bond is $420. It sits in your account doesn't earn interest so your account is two weeks in advance. So if you get behind in your fees your bond is used automatically

  6. #26
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    I paid a bond for my daughters daycare centre a whole $45. Refundable at the end of the year if you want or carried over til the next year. My centre started charging bond as some customers were quite behind in their fees.

    We use family day care also don't know of any carers asking for bond though.

  7. #27
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    its so ridiculous, they direct debit out of your account 2 weeks in advance at all times too, so its not as if you can leave without paying??
    imagine the interest they are making off everyones bond!!
    this centre has approx 120 kids a day @$92 per child
    sounds like its all about the money to me....

  8. #28
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    It is a business as well is it not? Wasn't aware child care were not-for-profit...

    I'm grateful I have the option to pay via eftpos.

  9. #29
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    Quote Originally Posted by SassyMummy View Post
    A bond for a rental property should equivalent to 4 weeks rent... so I hope people aren't paying on a daycare bond as they are for a housing bond!

    oh ok, thanks. i thought that you had to pay a $500 bond and 2 or 4 weeks in advance. as i said i have no idea when it comes to renting.

  10. #30
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    Quote Originally Posted by Chocolate All Gone Now View Post
    It is a business as well is it not? Wasn't aware child care were not-for-profit...

    I'm grateful I have the option to pay via eftpos.
    yes alot of them are actually non-profit... community run centres


 

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