According to The World Bank, the COVID 19 pandemic “spurred financial inclusion.” The2021 release of The Global Findex Database found that during the pandemic, many people around the world opened their first bank account and influenced people to turn to digital payment methods for the first time.
Volt Bank announced it is closing shop, telling customers they need to clear out their funds by July 5, 2022.
Over the years, customer-owned banks have become an increasingly popular alternative to the big banks. For the fourth year in a row, Qudos Bank has proven to be one of the best choices around, winning the title of Australia’s Best Customer Owned Bank in the 2023 Mozo Experts Choice 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.
If you’re like the vast majority of Australians, you probably bank with one of the Big Four, i.e. CommBank, NAB, ANZ, or Westpac. But which major bank is the best?
For the fourth year in a row, ING has taken home a major win in the Best Bank category of the Mozo Experts Choice Banking Awards. Huzzah!
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.
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.