When it comes to managing your home loan, an offset account can be a powerful tool if used correctly. How does an offset account work? The concept is simple yet powerful. The balance in the offset account is subtracted from the outstanding mortgage balance, reducing the amount on which interest is calculated. As a result, members can effectively lo...

Tax time is upon us again. To help our members navigate this process smoothly, we have put together some tips to consider. Keep Accurate Records Getting into a habit of keeping detailed records of your income and expenses throughout the year can make completing your tax return a quicker and less stressful process, as well as help you claim all the ...

Biggest Morning Tea MOVE Bank staff hosted a morning tea as part of the Cancer Council’s Australia’s Biggest Morning Tea initiative, a community event now in its 30th year,raising vital funds to help those impacted by cancer and to get closer to a cancer free future. A range of delicious goods were baked and enjoyed by staff, with a total of $680 ...

AGM – Change of Time, Venue and Format The ANNUAL GENERAL MEETING of Railways Credit Union Limited trading as MOVE Bank (“MOVE Bank”) will be held on Wednesday 15 November 2023.A notice of meeting and explanatory statement will be sent to shareholders in early October. This is preliminary notice of the date and that this year thevenue, time and for...

As we embrace a new financial year, it's the perfect time to reflect on our financial habits and set resolutions that will positively impact our financial wellbeing. With interest rates and inflation on the rise, it becomes even more crucial to take charge of our finances. At MOVE Bank, we're here to support you every step of the way. Set a New Fin...

At MOVE, we have been providing our members with newsletter updates for well over 50 years. In this edition, we take a quick look back through the decades with the following excerpts and visuals taken from past publications. 50 Years ago 40 Years ago 30 Years ago           20 Years ago     Of course, some things change about how MOVE Bank is ope...

Scams continue to be the easiest way criminals trick people into providing access to their accounts or transferring money. A recent post from Scam Watch reports a 160% increase in myGov scams in January 2023 compared to the previous month. Don’t be fooled though if it’s not myGov, scams are essentially always the same under different guises. Whethe...

The Government Guarantee Scheme was put in place during the Global Financial Crisis (GFC) in 2008 to give the public confidence in the Australian Banking System. Nowadays, it is the known as the Financial Claims Scheme (FCS). The FCS is a government-backed safety net for deposits of up to $250,000 per account holder per Authorised Deposit Instituti...

What is a digital wallet? A digital wallet is the ability to make secure contactless purchases in stores, and on participating apps and websites using your MOVE Bank Visa debit and/or credit cards via your smartphone or smartwatch device. There are many mobile payment services available in the market, however the two most common are Apple Pay* and ...