Our Approach

As part of our people driven banking philosophy, MOVE Bank is committed to providing you with everyday banking that is fast, easy and fair. Our fee structure is designed to benefit all members by:

  • Helping you avoid fees wherever possible
  • Rewarding members who support MOVE Bank by investing borrowing or saving with us.

We offer several account options which allow you to take advantage of transaction fee-free banking, including:

Online Savings Accounts

With MOVE's award-winning Express Saver and First Home Saver accounts you'll have access to fee-free banking online, 24/7.

Transaction Accounts

Transaction fee-free banking is available to members who hold any of the following accounts with MOVE Bank:

  • 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

Transaction fee-free banking is offered to members under 30 years of age.
To help new members switch their banking to MOVE Bank, we also offer transaction fee-free banking to new members for the first three months after joining.

Fees

Members who hold a transaction account and do not meet the criteria will be charged a flat $5 fee per month.
This means you always know how much you’ll be charged and gives you the freedom to do your everyday banking without needing to worry about extra fees.

The following transactions are provided free under our fee structure:

ATM Withdrawals / Balance Enquiries* Free
Bank @ Post Free
BPAY® transactions Free
Counter Cheque Withdrawal Free
Direct Debit Free
Direct Credit Free
EFTPOS transactions Free
Internet banking transfers Free
Member Cheque Withdrawal Free
Periodical Payments Free
Phone banking transfers Free
Transfers between accounts Free
Visa Debit Purchases Free

*Applies to ATM withdrawals within Australia. See Special Services Fees for overseas ATM withdrawal fee. MOVE Bank does not charge eligible members for ATM transactions, however, individual ATM providers may charge fees for using their service.® Registered to BPAY Pty Ltd ABN 69 079 137 518

Special Transactions  
Electronic Transfer - Urgent $25.00
Express Money Order $25.00
Overseas ATM Withdrawal $5.00
Staff Assisted transaction $5.00
Visa Cash Advance $5.00

 

Card Fees   
Overseas Currency Fee** 2% of transaction value
Replacement Cards - Domestic (1st replacement is free) $15.00
Replacement Cards - Domestic Urgent $25.00
Replacement Cards - Overseas (payable to Visa) USD $200.00
Visa Charge-back - First transaction $15.00
Visa Charge-back - Subsequent transactions $10.00

**All transactions made overseas on the VISA card are subject to a currency conversion fee. The amount of this currency conversion fee is subject to change from time to time and we will advise you in advance of any such change.

Cheque Fees   
Bank Cheque $25.00
Member Cheque Book 25 leaf $10.00
Stop Payment Fee - Cheque presented $15.00
Stop Payment Fee - Cheque not presented $5.00
Trace Fee - Credit Union Counter Cheque Cost + $5.00
Trace Fee - Member Cheque Cost + $5.00

 

Document Fees   
Copy Fee - Credit Union Counter Cheque At Cost
Copy Fee - Member Cheque $55.00
Copy Fee - Statement Request (per statement) $5.00
Copy Fee - Other Documents (per document) $5.00
Privacy Access to File - Supervision Fee (per hour) $50.00
Record Search - In House (per hour) $50.00
Record Search Off Site (per hour) Cost + $5.00

 

Other Fees Table  
Audit Confirmation Fee $50.00
Electronic trace Fee $25.00
Fixed Term Deposit - early redemption interest deduction 2%
Dishonour - Direct Debit $15.00
Dishonour - Member Cheques $15.00
Dishonour - Quick Debit $15.00
Honour Fee $10.00
Late Payment Fee $15.00
Overdrawn / Over Limit Fee $10.00
Dormant Account Fee* $5.00 per month
Dormant Administration Fee** $15.00

*Charged after the account has been classified as dormant
**Charged when the account is classified as a dormant account. This occurs when a member has not generated any activity on an account for more than 12 months. MOVE Bank advises the member prior to the account being classified as dormant.

Bridging Fee $300.00
Consent Fee $200.00
Construction Progress Draws $50.00
Document Registration Fees At cost
Economy Home Loan - Monthly Account Keeping Fee $5.00
Establishment Fee $450.00
Establishment Fee - Subsequent securities $100
Fixed Rate Break Fee* - Lockit Home Loan Estimate of our loss if repaid early
Fixed Rate Lock Fee** – Lockit Home Loan $375.00
Flexi Credit Service Fee (per month) $10.00 per month
Further advance using existing mortgage only $150.00
Further advance using one new property $450.00
Further Advance - subsequent securities $100.00
Lenders Mortgage Insurance – paid to Mortgage Insurer At cost
Loan Redraw - Online Free
Loan Redraw - Staff Assisted $25.00
Loan Switch Fee $150.00
Mortgage Discharge – Credit Union Administration $150.00
Mortgage Discharge – Department of Natural Resources At cost
Mortgage Discharge – Solicitors fees At cost
MyHome and MyWealth Package Fee (per year) $300.00
Subdivision Request Fee $500.00
Substitute Security Fee $300.00
Title Search At cost
Valuation Fees (paid to Valuer) At cost

*Interest adjustment in accordance with the contract
**The rate lock fee secures a rate for a period of up to 45 calendar days from an agreed date, or upon final approval of your fixed rate mortgage loan, whichever is the sooner. This rate will remain secured regardless of whether there is a change in the secured fixed rate before your fixed rate mortgage loan is approved.

Establishment Fee – Secured Personal Loan $195.00
Establishment Fee – Unsecured Personal Loan $150.00
Flexi Personal Credit Service Fee (per month) $5.00
Loan Redraw - Online Free
Loan Redraw - Staff Assisted (per redraw) $25.00
Substitute Security Fee $100.00

Why choose us?

Important Information:

^Balance requirements for online savings accounts and transaction accounts (including Flexi Personal Credit accounts) are calculated using the minimum monthly balance.