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About MoveBank

Real people, real connections. The way banking should be.

On this page:

Real People, Real Connections

MoveBank is driven by our members and 100% of our profits are used to benefit you.

Our boutique size enables us to provide a superior level of personalised service, while large enough to offer all the services you expect from your bank.

Since our beginnings as Railways Credit Union in 1968, a lot of things have changed, however our commitment to providing exceptional service and competitive financial products to our members hasn't.

Currently, MoveBank has more than $1 billion in assets under management. As an approved deposit-taking institution, deposits with MoveBank are guaranteed by the Government's Financial Claims Scheme up to $250,000 per depositor.

100% Customer Owned

As a MoveBank member you are one of 4 million Australians who enjoy the benefits of customer owned banking. This means you have the peace of mind of knowing that 100% of our profits are used to benefit you – by providing you with award winning products, competitive rates, and an exceptional member experience.

MoveBank is also a signatory to the Customer Owned Banking Code of Practice. This is an expression of the importance we place on improving the financial wellbeing Code includes the following promises:

  • We will comply with this Code in our dealings with you.
  • We will incorporate this Code by reference in our written Terms and Conditions for products and facilities to which the Code applies.
  • We will do this within twelve months of agreeing to adopt this Code (or, if later, within twelve months of the commencement date of this Code).
  • Our Code obligations include the following key promises that we make to you as our customers and owners.

Key Promises

  1. We will deliver banking services in the interests of our customers.
  2. We will obey the law.
  3. We will not mislead or deceive.
  4. We will act honestly and fairly.
  5. We will offer products and services that are fit for general purpose.
  6. We will deliver services with reasonable care and skill.
  7. We will contribute to our community.

More information available here:

Read Customer Owned Banking Code of Practice

Management Team

Scott Riedel

Chair

Bill Armagnacq

Director

Marcus Salouk

Director

Rachel Adair

Director

Tim Staley

Director

Sarah Dixon

Director

Learn more about MoveBank