Bank account news and advice

Volt Bank announced it is closing shop, telling customers they need to clear out their funds by July 5, 2022.

Whenever the Reserve Bank of Australia (RBA) lifts the official cash rate, lenders and banks take it as a cue to hike their variable interest home loans, too. But while they’re normally a little slower to do the same with savings accounts, we’re finally beginning to see some welcome rises.

After being founded over 60 years ago, Credit Union SA knows something about keeping customers happy. And it’s earned them the title of Australia’s Best Credit Union in our 2022 Mozo Experts Choice Best Banking Awards.

Over the years, we’ve seen a rise in mutual banks as an alternative to big banks. And now Gateway Bank has been recognised as one of the best choices, winning the Best Small Mutual Bank award.

It’s that time of year again, where our expert team of judges analyse data to find the top Australian banking providers. And Macquarie Bank has been crowned Australia’s Best Bank in the 2022 Mozo Experts Choice Best Banking Awards.

Does it surprise you to learn that 66% of Australians now say they can’t live without their banking apps. In fact, a recent study by the Commonwealth Bank also reported that Australians are more likely to delete their social media apps than their banking ones.

If you’re one of the many Aussies looking to make their finances green, then you might want to add B Corp certification to your checklist when deciding on a financial provider.

If you’re looking to move Down Under chances are that you’ll need to open an Australian bank account.

You buy clothes that fit your personality, lifestyle and size, so shouldn’t you be choosing a bank account the same way? The goal being to search for one that most perfectly fits with your needs and life. Because one size does not fit all.

We’re back with Mozo’s Monthly Banking Roundup; let’s unpack the latest news.