Credit cards have a mixed reputation, and the reason for this is that they can be both good and bad; depending on how you use them. To help you decide if one might be right for you, here is our guide on when a credit card can save you money, vs when it might cost you.   The Good Build your credit history With the introduction of comprehensive c...

Comprehensive Credit Reporting Credit reporting is changing for the positive. For a long time, Australia had operated on a negative credit reporting basis, which meant only bad loan conduct would reflect in your credit history. New laws require major lenders to report more thorough information about how borrowers repay their loans, credit cards an...

As we head into the new year, many of us will be thinking about what the fresh start can bring and our goals for 2023. If your goal is to improve your financial position, we are here to help! A goal without a plan is just a wish, so here are some tips to help turn your wish to reality. Kick start your savings by taking out a Growth Saver! That’s ...

The Bank of Mum and Dad is now one of Australia’s largest lenders. Housing prices have boomed nationwide since the start of the pandemic, meaning many parents and grandparents are keen to assist their children in making that often difficult first step onto the property ladder. But what is the Bank of Mum and Dad? The phrase can generally mean two ...

Rate Changes With Australia currently experiencing high inflation and low unemployment, the past 3 months have seen some of the most aggressive RBA rate increases on record. After each new announcement, we have had to review the rates on our savings and lending products. These are difficult decisions, which we know have a significant impact on our...

If you ever find yourself splitting bills and trying to transfer money between friends, you need to know about PayID. PayID is an alternate name that you can give to your bank account details, making them much easier to share. Your PayID can be your phone number or email address. Not only is that easier to remember and share than a BSB and account...

Rate Changes Following the Reserve Bank of Australia’s (RBA) official cash rate announcement in May, we have reviewed our interest rates and have made a number of changes. We have made the difficult decision to increase interest rates on our variable home and investment loans. This decision was not made lightly, as it is important that we maintai...

We are excited to announce that MOVE Bank has won four Rate City Gold awards and has been recognised as Customer-Owned Bank Personal Lender of the Year at Money magazine’s 2022 Consumer Finance Awards! Rate City has awarded MOVE Bank with the following awards: › Best Small Deposit Home Loan – Complete Package Variable Owner Occupied› Best New Car...

The ANNUAL GENERAL MEETING of Railways Credit Union Limited trading as MOVE Bank (“MOVE Bank”) will be held on Thursday 17 November 2022. A notice of meeting and explanatory statement will be included in MOVE Life sent to shareholders in early October.   Call for Nominations Nominations are called for the position of Director of MOVE Bank. In or...