Last year when we introduced changes to our transaction fee structure we had one goal: to reduce the number of members paying fees on our transaction accounts to zero.
Since implementing these changes we’ve made some fantastic progress towards achieving this goal, successfully reducing the number of members paying fees by 40% compared to this time last year!
While this is great news for those members, we want to make sure that as many MOVE Bank members as possible are taking advantage of transaction fee-free banking.
How can I access fee-free banking?
At MOVE Bank we want to reward members who invest, borrow and save with us. As part of this commitment, we offer several account options which allow you to take advantage of transaction fee-free banking, including:
Online Savings Accounts
Get access to fee-free banking online, with our award-winning Express Saver, First Home Saver and Bonus Saver accounts!
Transaction Accounts
Transaction fee-free banking is available to members who hold any of the following accounts with us:
- Transaction account(s) with combined balances over $2,000^
- Online savings account(s) with combined balances over $25,000^
- Loans
- Flexi Home Credit or Flexi Investment credit facility
- Term deposits
Members who hold a transaction account and do not meet these criteria are charged a flat $5 fee
per month.
We also help members get started by offering transaction fee-free banking to:
- Members under 30 years of age.
- New members for the first three months after joining, to give them time to finish switching their banking to MOVE Bank.
With our wide range of award-winning home loans, savings accounts, car loans and personal loans,
there’s never been a better time to switch your transaction banking to MOVE Bank!
^Balance requirements for online savings accounts and transaction accounts (including Flexi Personal Credit accounts) are calculated using the minimum monthly balance.
