MOVE Bank

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Members of the Australian railway industry have been benefiting from exclusive banking products from MOVE Bank for over 40 years.

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  • MOVE Bank has been a financial services provider for the Australian railways workforce since 1968. Through them, members can access a number of different banking accounts, each designed to suit a particular need. Employees of the Australian railway industry and their families are welcome to join and take advantage of any of credit union’s financial products and services.
    Name Product Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees
    MOVE Bank Bonus Saver
    MOVE Bank Bonus Saver
    0.85%
    0.1%
    0.75%
    $0
    MOVE Bank Christmas Saver
    MOVE Bank Christmas Saver
    0.25%
    0.25%
    0%
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    Name Product 3 Mths p.a. 4 Mths p.a. 5 Mths p.a. 6 Mths p.a. 7 Mths p.a. 12 Mths p.a. 24 Mths p.a.
    MOVE Bank Term Deposit
    0.40%
    0.40%
    0.40%
    0.50%
    0.50%
    0.65%
    0.75%
    A Term Deposit Account that earn you a competitive interest rate.
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    Name Product Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees
    Virgin Money Boost Saver (25+ year olds)
    1.5%
    0.1%
    1.4%
    $0
    Intro rate of up to 1.50% p.a. for the first 3 months and an ongoing bonus rate of 1.20% p.a. thereafter when monthly criteria is met (T&Cs apply). To earn these bonus rates customers aged 25+ need to deposit at least $2,000/month into your bundled Virgin Money Go Transaction Account and make 5+ transactions/month.
    Rabobank High Interest Savings Account
    1.35%
    0.25%
    1.1%
    $0
    Maximum variable rate of 1.35% p.a. for 4 months, reverting to a rate of 0.25% p.a. No deposit or withdrawal conditions. Available on balances below $250,000
    Westpac Life (18-29 year olds only)
    2.5%
    0.15%
    2.35%
    $0
    If you’re between 18-29, you can earn a 2.5% p.a. variable rate each month you grow your balance (excl. interest) and make 5+ settled debit card purchases from your Westpac Choice account, up to a balance of $30,000.
    Bank of Queensland Fast Track Starter Account (for 14-24 year olds only)
    2.5%
    0.05%
    2.45%
    $0
    Only available to those aged 14-24. Ongoing, variable 2.5% p.a. when you link to an BOQ Day2Day Plus Account, deposit $200+ into the Day2Day account each month from an external account and make 5 eligible transactions a month. Max bonus interest applies on balances up to $10,000. Balances between $10,001 and $250,000 will earn a lower bonus rate. Base rate applies on balances over $250,000.
    Citibank Online Saver
    1.1%
    0.35%
    0.75%
    $0
    Introductory rate of 1.1% p.a. for 4 months, reverting to a rate of 0.35% p.a. Available on balances Up to $500,000.
    Virgin Money Boost Saver (18-24 year olds)
    1.5%
    0.1%
    1.4%
    $0
    Intro rate of up to 1.50% p.a. for the first 3 months and an ongoing bonus rate of 1.20% p.a. thereafter when monthly criteria is met (T&Cs apply). To earn these bonus rates customers aged 18-24 need to deposit at least $1,000/month into your bundled Virgin Money Go Transaction Account and make 5+ transactions/month.
    Bank of Queensland Fast Track Saver Account
    1.05%
    0.05%
    1%
    $0
    Ongoing, variable 1.05% p.a. when you link to an BOQ Day2Day Plus Account, deposit $1,000+ into the Day2Day account each month from an external account and make 5+ eligible transactions per month. Available on balances up to $250,000.
    Virgin Money Grow Saver
    0.65%
    0.1%
    0.55%
    $0
    Earn an ongoing variable 0.65% p.a. each month you make at least one deposit of any amount and no more than one withdrawal.
    Westpac Life
    0.3%
    0.15%
    0.15%
    $0
    Ongoing, variable 0.3% p.a. each month you deposit money, and make sure your balance is higher at the end of the month than it was at the beginning. No monthly account-keeping fee.
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    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
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    What about the mobile app?

    Image Source: App Store
    MenuTransferCards

    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?

    • 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.

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    What are the pros and cons of banking with MOVE Bank?

    Pros

    • 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.

    Cons

    • Bonus rate conditions apply. In order to receive the bonus interest rate on the 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.
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    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

  • MOVE Bank Term Deposit

    With competitive interest rates and terms ranging from 3 to 24 months, a MOVE Bank Term Deposit can help you reach your financial goals.

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2 Responses

    Default Gravatar
    albertJuly 21, 2016

    lost debit card in atm transaction ING bank haarlem holland could you help please regards A.Schuurman.

      Avatarfinder Customer Care
      ClarizzaJuly 22, 2016Staff

      Hi Albert,

      Thanks for your question.

      Sorry to hear about your situation. In this case, it’s best to contact your bank direct to organise cancelling your debit card and sending out a replacement to you.

      Hope this helps.

      Clarizza

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