As part of our people driven banking philosophy MOVE is committed to rewarding members for their support. We recently reviewed the transaction fees associated with the Everyday Saver accounts, with the aim of reducing the overall fees paid wherever possible.
As a result of this review, we will be introducing a new fee structure that benefits all members and specifically rewards members who support MOVE by investing, borrowing or saving with us.
From 1 May 2018 we will be offering all members transaction fee-free* banking. These fees will be replaced with a flat monthly account fee of $5 per month. This fee will be paid per account, so joint account holders will only be charged one fee per month.
The monthly account fee will be waived for the following members who are under 30 years of age OR have one of the following:
- Term deposit
- Loan including Flexi Home Credit and Flexi Investment Credit
- Minimum monthly savings account balances of at least $2,000 (excludes Express Saver & First Home Saver balances),
Some of the transactions that will now be free to eligible members include
|
Fee Type |
Old Fee |
New Fee |
|
Monthly account fee |
N/A |
$5.00** |
|
Monthly Visa Card Fee |
$ 1.50 / month |
FREE |
|
Direct debit |
$ 0.75 |
FREE |
|
Member cheque withdrawal |
$ 1.25 |
FREE |
|
EFTPOS withdrawal |
$ 0.75 |
FREE |
|
ATM withdrawals at RediATMs |
$1.25 |
FREE |
|
Bank @ Post withdrawal |
$ 2.50 |
FREE |
For more information about how you can take advantage of transaction fee-free banking please speak to one of our consultants on 1300 362 216 or email your questions to info@mymove.com.au
* Special services fees, overseas services and foreign transaction fees may still apply
**Only charged if member does not meet the criteria to have the fee waived.
