MOVE Bank is a signatory to the Customer Owned Banking Code of Practice. This is an expression of the importance we place on improving the financial wellbeing of our members.
As a MOVE Bank member, you can feel confident knowing that we have a long history of keeping our members’ interests at the centre of everything we do. That’s why when you choose to bank with us, there are a number of benefits you’ll enjoy:
We’re owned by our members
The most important reason for choosing a customer-owned bank, is our members are our owners. While listed banks are driven to make money for shareholders, we’re more interested in investing in your financial wellbeing. So rather than paying out dividends to a third party, we put 100% of profits back into the organisation that you own. That’s our commitment to you.
Placing our member needs first means we’re able to deliver some extremely competitive rates. MOVE Bank was named Australia's Best Small Mutual bank for 2020 in the Mozo Experts Choice Awards, a reflection of our focus on delivering outstanding value to our members. In fact, our Straightforward Home Loan and New Car Loan were recently awarded ‘Cheapest Home Loan - Bank’ and ‘Cheapest Car Loan - Bank’ in Money magazine’s 2019 ‘Best of the Best’ awards!
The recognition by Australia’s leading comparison sites confirms that MOVE Bank continues to deliver market-leading products to members across both savings and loans products.
You’re safe with us
We are regulated by the same legally enforceable standards under the Australian Prudential Regulation Authority that the big banks are. That’s why you can have peace of mind that when you bank with MOVE Bank, your deposits may be guaranteed by the Government up to $250,000 per depositor under the financial claims scheme.
We listen to you
We keep our members at the heart of everything we do, which is why our members’ feedback is so important to us. We consistently have the highest levels of satisfaction levels, with a positive score of +46 out of 50 which confirms that our members are very satisfied, and compares exceptionally well to the major banks whose average score was negative -9.77.
Sounds like your kind of bank?
Join the 4 million Australians that already enjoy the benefits of customer owned banking*.
Become a member online today or call us on 1300 362 126.
*Sourced from Customer Owned Banking Association: www.ownyourbanking.com.au/
This blog post is for general information purposes only and is not intended as financial or professional advice. It does not have regard to the financial situation or needs of any reader and must not be relied upon as financial product or other professional advice. You should seek your own independent financial, legal and taxation advice before making any decision about any action in relation to the material in this article. Railways Credit Union Limited trading as MOVE Bank ABN 91 087 651 090. AFSL/ Australian Credit License number 234 536