Transaction Fee-Free Banking Coming Soon!

As part of our people driven banking philosophy MOVE is committed to rewarding members for their support. We recently reviewed the fees associated with transaction 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, with the following fee adjustments to apply.

 

  Fee Type

  Old Fee

  New Fee

  Monthly visa card fee

  $ 1.50

  FREE

  Direct debit fee

  $ 0.75

  FREE

  Member cheque withdrawal fee

  $ 1.25

  FREE

  EFTPOS withdrawal fee

  $ 0.75

  FREE

  ATM withdrawals at RediATMs

  $1.25

  FREE

  Bank @ Post withdrawal

  $ 2.50

  FREE

 

These fees will be replaced with a flat fee of $5 per month, which is charged once per membership.

 

For members who choose to save, borrow and invest with MOVE, the monthly fee will be waived if you: 

  • Have a minimum balance of $2,000 or more in your transaction accounts throughout the month (excludes Express Saver and First Home Saver accounts)
  • Have a term deposit
  • Have a loan with us 
  • Flexi Home Credit and Flexi Investment Credit facility (with credit limit attached)
  • Have a Flexi Personal Credit with a minimum balance of $2,000 throughout the month

To help our younger members get started, we will also be waiving the monthly fee for members under 30 years of age.

Of course, our online saver account Express Saver and First Home Saver accounts continue to be fee free however these savings accounts are not included in the minimum monthly balance required to waive the fee.

 

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, including Visa cash advances and overseas ATM withdrawals still apply.