Industry Infrastructure, Legal Compliance, Operations & Maintenance, Products & Resources, Rail industry news (Australia, New Zealand)

Bank keeps rail industry on the MOVE


Since its inception, MOVE Bank has recognised and championed the indispensable role of the rail sector in propelling Australia’s development.

With deep-rooted commitments to railway employees, MOVE Bank has been instrumental in empowering the employees of this vital industry and has a rich history of enabling stable financial futures for railway workers and their families.

Originally established in 1968 as the Railways Credit Union, the bank’s unwavering dedication to the sector led to its rebranding in 2018, embracing a broader scope to serve the transport and logistics industry on a national scale.

As a member-owned bank, MOVE Bank stands apart from traditional financial institutions by reinvesting 100 per cent of its profits back into its valued members, ensuring exceptional service, competitive rates, and an array of award-winning products to meet their financial needs.

MOVE marketing manager Matthew Farnham said that as an Authorised Deposit Institution (ADI), MOVE Bank ensured that funds held with it are protected by the government-backed Financial Claims Scheme, providing the same level of safety as any other bank.

“Additionally, it is fully licensed as a credit provider, adhering to the stringent regulatory criteria that govern all Australian banks.

“What truly distinguishes MOVE Bank, however, is its unwavering commitment to personalised service and member-centric offerings. With a focus on building stable financial futures, the bank minimises fees and delivers competitive rates, ensuring their members have every opportunity to improve their financial position.

“This means no catches, just exceptional products designed to meet their members’ needs while offering outstanding features.”

Farnham said that in a landscape crowded with financial institutions, MOVE shone as a boutique offering for Australia’s rail industry.

“Through exceptional member experience, award-winning products, and dedication to empowering individuals, MOVE is leading the charge in driving the financial well-being of railway workers and their families,” he said.

“Discover the comprehensive range of offerings the bank provides and embark on a journey toward a brighter financial future. Join up today and experience the difference firsthand. Together, we move toward prosperity.”

As part of their commitment to the rail industry, MOVE Bank continues to actively engage with the industry, including advertising through Rail Express. Railways Credit Union Limited trades as MOVE Bank, ABN 91 087 651 090, AFSL / Australian credit licence 234 536