Fees & Charges
Fees and charges for all MoveBank products, transactions and services
Our Approach
MoveBank is committed to providing you with everyday banking that is fast, easy and fair. Our fee structure is designed to benefit all members by:
Helping you avoid fees wherever possible
Rewarding members who support MoveBank by investing, borrowing, saving or transacting with us.
Fees & Charges
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Transaction Type Fee ATM Withdrawal / Balance Enquiry* Free BPAY® Transactions Free Direct Debit Free Direct Credit Free Internet Banking Transfers (including Osko) Free Periodical Payments Free Transfers Between Accounts Free Visa Debit Purchases Free Important Information
* Applies to ATM withdrawals within Australia. Refer to the Special Services Fees section for overseas ATM withdrawal fees.
MoveBank does not charge eligible members for ATM transactions; however, individual ATM providers may charge their own fees for use of their services.
® BPAY is registered to BPAY Pty Ltd ABN 69 079 137 518.
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Fee Type Description Amount Electronic Transfer (Urgent) Fee payable for an urgent electronic transfer. $25.00 Overseas ATM Withdrawal Fee payable when withdrawing cash from an overseas ATM. $5.00 Staff Assisted Transaction Fee payable when a transaction is processed with staff assistance. $5.00 Overseas Cash Advance Fee payable when accessing a cash advance overseas. $5.00 SWIFT Processing Fee Fee payable for processing an international SWIFT transfer. $5.00 Visa Card Fees
Fee Type Description Amount Overseas Currency Fee Applies to transactions made overseas using a Visa card. 2% of transaction value Replacement Card - Domestic Fee for replacement domestic cards (first replacement card is free). $15.00 Replacement Card - Domestic (Urgent) Fee for urgent replacement of a domestic card. $25.00 Replacement Card - Overseas Fee payable to Visa for an overseas card replacement. US$200.00 Important Information
** All overseas transactions made using a Visa card are subject to a currency conversion fee. The amount of this fee may change from time to time. MoveBank will provide advance notice of any such change.
Document Fees
Fee Type Description Amount Paper Statement Fee Fee for receiving paper statements. $3.00 per month Copy Fee - Statement Request Fee for requesting a copy of a statement. $5.00 per statement Record Search - In House Fee for in-house record searches. $50.00 per hour Record Search - Off Site Fee for off-site record searches. Cost + $5.00 -
Fee Type Amount Dishonour Fee - Direct Debit $15.00 Dishonour Fee - Quick Debit $15.00 Honour Fee $10.00 Late Payment Fee $15.00 Overdrawn / Over Limit Fee $10.00 -
Fee Type Description Amount Dormant Account Fee (per month) Charged after the account has been classified as dormant. $5.00 per month Dormant Administration Fee Charged when the account is classified as a dormant account. This occurs when a member has not generated any activity on an account for more than 12 months. MoveBank advises the member before the account is classified as dormant. $15.00 -
New Lending Fees
Fee Amount Description Establishment fee $700.00 A one-off fee payable at the settlement of your new loan to cover the costs of establishing and administering the loan. Loan increase (top-up) $200.00¹ Payable when you request to increase your existing loan. Additional security $132.00 Payable for each additional security property within a loan facility. Valuation fee At cost Payable when more than one valuation is required, e.g. multiple security properties. Loan split fee $50.00 Payable for each additional loan split. Construction loan fee $487.00² A one-off fee payable at the settlement of your new construction loan. Lenders Mortgage Insurance At cost Payable when the loan-to-value ratio is above the bank's threshold (generally 80%) and mortgage insurance is required. Guarantee fee $132.00 Payable to the Solicitors when a loan involves a guarantee/guarantor. Fixed rate lock fee $375.00 Payable when a fixed interest rate is locked in prior to approval to protect against rate changes. Bridging loan fee Product currently unavailable Payable when a bridging loan is offered and accepted. PEXA - Property Exchange Australia At cost Payable when a settlement is processed through the PEXA platform. Settlement agents fee At cost Payable when a settlement agent is required to attend settlement. Title Search fee At cost Payable when a title search is completed on a security property. Solicitors Petties At cost Payable when the solicitor incurs additional search fees, postage, bank cheque fees etc. Notes
¹ Security valuation fee may also apply.
² Includes:
- Up to 6 progress payments.
- Up to 2 progress valuations.
Additional progress payments and/or progress valuations are charged at cost.
Other Solicitor and Government Fees
Other Solicitor and Government fees may apply (at cost), such as:
- Registration of mortgage
- Release of mortgage
- Transfer fee
- Stamp duty (state dependent)
- Change of name
- Production of title
- Postage and bank cheque fees
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Post Settlement Fees
Fee Amount Description Consent fee $250.00¹ Payable when the bank reviews and provides formal consent to dealings that impact the registered title. Fixed rate break fee Variable, calculated at time of request Payable when a fixed rate loan is repaid, refinanced or otherwise changed before the fixed rate period ends. The fee reflects any loss incurred by the Bank as a result of ending the fixed rate arrangement before the end of the fixed term. Flexi Credit service fee $10.00 per month A monthly fee payable for the ongoing maintenance and administration of your Flexi Credit account. Product variation fee $150.00¹ Payable when a change is made to an existing loan product. Discharge fee (full and partial release) $450.00¹ Payable when a request to release a security property is received. Subdivision request $300.00¹ Payable when the bank reviews a request to subdivide a security property. Security valuation fee At cost Payable when a valuation is required post the original settlement, e.g. for a partial release of a security, subdivision request, loan increase etc. Substitution of security fee $625.00¹ Payable when a request to substitute a security property is processed. Enforcement expenses At cost Payable when MoveBank incurs reasonable costs as a result of loan default, recovery action or enforcement proceedings. This may include legal, court, collection and other recovery-related expenses. Default notice $50.00 Payable when your scheduled loan repayment is missed or your loan is otherwise in default. Overdrawn/overlimit fee (overdraft) $10.00 Payable when your overdraft exceeds its approved limit. The fee contributes to the additional costs incurred by the bank in managing and monitoring the account until it returns within the approved limit. Note
¹ Security valuation fee may also apply.
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MoveBank Personal Loan and Unsecured Overdraft Fees
Fee Amount Description Establishment fee $195.00 Payable at loan settlement to cover the costs of establishing and administering your loan. Overdraft fee (previously Flexi Personal Credit Service Fee) $5.00 per month A monthly fee payable for the ongoing maintenance and administration of your Flexi Credit account. Substitution of security $150.00 Payable when a request to substitute a security is processed. Enforcement expenses At cost Payable when MoveBank incurs reasonable costs as a result of loan default, recovery action or enforcement proceedings. This may include legal, court, collection and other recovery-related expenses. Default notice $50.00 Payable when your scheduled loan repayment is missed or your loan is otherwise in default. -
MoveBank Credit Card Fees
Fee Amount Description Late payment fee $15.00 Payable when we have not received the minimum repayment by the due date. Overlimit fee $10.00 Payable when your credit card balance exceeds its approved limit. VISA cash advance fee $5.00 Payable when you use your credit card to withdraw cash from an ATM, access cash over the counter, or make another transaction that VISA classifies as a cash advance. Enforcement expenses At cost Payable when MoveBank incurs reasonable costs as a result of loan default, recovery action or enforcement proceedings. This may include legal, court, collection and other recovery-related expenses. Default notice $50.00 Payable when your scheduled loan repayment is missed or your loan is otherwise in default. Note
Please also refer to the VISA Card Fees under the Special Services Fees.