Compare MOVE Banking Accounts
Members of the Australian railway industry have been benefiting from exclusive banking products from MOVE Bank for over 40 years.
We’re committed to our readers and editorial independence. We don’t compare all products in the market and may receive compensation when we refer you to our partners, but this does not influence our opinions or reviews. Learn more about Finder .
Who is MOVE Bank?
Whether it be an account that takes care of your daily expenses, or a special savings product to see you through Christmas, MOVE Bank services are competitive with what you find at larger banks. Through features such as Internet banking and Visa debit cards linked to your account, you have full access to your savings whenever you want or the option to earn higher interest with limited access through term deposit accounts.
You are able register for the MOVE Internet banking system over the phone to help with managing your finances. You will also be given an access code and a guide that will help you in getting accustomed to banking online. Once set up, you will be able to make transactions through a number of different features.
Notable features include:
- Around the clock availability and access to your accounts via desktop, mobile or myMOVE Bank APP
- Funds transfer between your different MOVE Bank accounts
- Transfer funds to and from other Australian financial institutions
- Check your balances, transactions, and earned interest on your savings account
- Use BPAY to pay your bills online
- Confirm when your pay has been deposited or a cheque has been presented
- Receive statements electronically
What about the mobile app?Image Source: App Store
What transaction accounts are offered by MOVE Bank?
- Everyday Saver. This account allows you to manage your daily finances without any monthly account keeping fee. You have the option of choosing whether you interest is calculated on your daily balance or on the minimum monthly balance.
What high interest savings accounts are offered by MOVE Bank?
- Express Saver. Keep your savings aside from your everyday money and earn the highest at call interest rate available. You can open this account with as little as one dollar and access your savings at any time you need to.
- First Home Saver Club Account. Designed specifically to help you meet your down payment needs, this high interest savings account has no fees and access to your money when you need with no penalty.
- Christmas Saver. The Christmas Saver gives you an easy way to prepare for the holiday shopping season by allowing you to add to the account during the entire year and have the money, plus the interest earned, transferred to your Everyday Saver on the last day of October.
What term deposits are offered by MOVE Bank?
For a length of time that can range from three months to two years you can earn competitive interest on your savings at a fixed interest rate. The minimum deposit required by MOVE Bank is $5,000 with interest calculated daily and paid to you monthly or at one time when the term deposit reaches maturity.Back to top
What are the pros and cons of banking with MOVE Bank?
- Visa debit card. For at call accounts you have the choice of linking a Visa debit card for easy access to your funds.
- Fees. With most accounts you will not be charged a monthly account-keeping fee.
- ATM network. The transaction fees are reduced when you use a rediATMs or ATMs in the Westpac or StGeorge networks.
- Bank@Post. Withdrawals can be made at any one of the thousands of Bank@Post locations found in Australia using your Visa debit card.
- Bonus rate conditions apply. In order to receive the bonus interest rate on the Express Saver and First Home Christmas Saver, a minimum $200 monthly deposit must be made, and no withdrawals in the calendar month. Otherwise, only the base interest will be applied to the account.
How do I apply for a MOVE Bank?
To open an account, you need to submit an application form online. A MOVE Bank representative will be in touch.
More guides on Finder
With interest rates so low, are savings accounts still worth it?
Interest rates on Australian savings accounts are at record lows, but there are a few key benefits to keeping cash in a savings account.
Financial Fitness Challenge Week 3: How to get the most out of a credit card
How to cut debt and make your credit card work for you.
Be money mindful: How to develop a positive money mindset during COVID-19
SPONSORED: You need to look after your financial health, not just your physical and mental health, during the COVID-19 pandemic. Here's how to do it.
Afterpay to offer savings accounts: Is it becoming a neobank?
Afterpay will offer a savings account and money-management products to its customers in 2021 through a partnership with Westpac.
Free creative resume template (Australia)
A creative resume template can get you a step closer to landing your dream job.
Bank Australia Commercial Visa credit card
Designed to help you track business spending, this Bank Australia credit card offers cards for employees and interest-free days on purchases.
Financial Fitness Challenge Week 2: Check and improve your credit score
Understand your credit score with the Finder Financial Fitness Challenge.
Volt joins fellow neobanks and announces a cut to its savings rate
The total interest rate on the Volt Save account will be cut by 20 basis points, from 1.45% p.a. down to 1.25% p.a.
Credit card woes: Where do Aussies turn if they can’t pay off their plastic?
Only half of Australians who find themselves buried under out-of-control credit card debt could dig themselves out, according to Finder.
Xinja, Up, 86 400 cut savings rates: Are neobanks still competitive?
Digital banks are cutting the interest rates on their savings accounts and reducing the amount of money you're able to earn interest on.
Ask an Expert