Office address: Level 1, 179 Ann Street, Brisbane, Queensland 4000
Website: movebank.com.au
Year established: 1968
Company type: mutual banking
Employees: 70+
Expertise: home loans, personal loans, savings accounts, term deposits, insurance products, digital banking, member services, transport and logistics sector, risk management, retail banking
Parent company: N/A
Key people: Mike Currie (CEO), Taryn Pontifex (COO), Craig Nichols (chief risk officer), Trevor McNamara (chief digital officer), Matt Farnham (marketing manager), Sascha Jovanoski (senior lending specialist), Antoine Franken (people and culture manager)
Financing status: N/A
MOVE Bank, based in Brisbane, is a member-owned bank known for serving the transport and logistics sector. Its legal entity is Railways Credit Union Limited, which offers a wide range of retail financial services to members. All profits are used to benefit members, with a strong focus on supporting rail industry employees across Australia.
The bank started in 1968 as Railways Credit Union, aiming to support railway workers and their families with trusted financial services. Over the years, it built a reputation for offering dependable products and friendly service. MOVE Bank now manages assets worth over $750 million and operates as an unlisted public company, with deposits protected by the Government’s Financial Claims Scheme.
In 2016, the bank changed its name to MOVE People Driven Banking to show its growing focus on the wider transport and logistics sector across Australia. This step helped the bank form new industry partnerships and expand its reach beyond its original rail community.
In 2018, the bank adopted the name MOVE Bank after new laws allowed more institutions to use the word “bank,” making its purpose clearer to members and the public. Recent years have seen the firm invest in digital upgrades, including outsourcing its core banking systems in 2024 to improve service and security.
The branch was also moved from Central Railway Station to the Ann Street head office. In 2025, the bank launched a tree-planting initiative tied to members switching to eStatements. This resulted in 150 new trees planted across Australia to help restore local habitats.
MOVE Bank offers a range of home loans and banking products to suit different member needs. The main home loan products are as follows:
everyday variable home loan: variable rate, requires $1,500 monthly deposit into a MOVE Bank transaction account
everyday fixed home loan: fixed rate, requires $1,500 monthly deposit into a MOVE Bank transaction account
offset variable home loan: variable rate, 100% offset account, no ongoing fees
offset fixed home loan: fixed rate, 100% offset account
MOVE Bank’s home loans are built to give members useful features and no ongoing fees. The bank focuses on secure and simple banking with competitive rates for its members.
MOVE Bank places strong importance on a positive and supportive work environment, with regular staff surveys showing high engagement and strong team connections. The bank encourages collaboration and belonging through regular events and benefits, such as:
flexibility: hybrid work up to 50% remote, flexible hours, extra mental health days
wellbeing: lifestyle reimbursements, EAP, wellbeing events, massages, yoga, city walks
development: $10,000 annual study support, leadership programs, online courses, career planning
recognition: monthly and annual staff awards, business-wide incentive program, peer recognition
community: social club, volunteering, team activities, company-wide meetings, onboarding support
benefits: free public transport, insurance and loan discounts, fee-free banking, discounted gift cards
leave: personal, parental, annual, recreational, community service, early long service, study leave
location: CBD office, end-of-trip facilities, close to shopping and food spots
MOVE Bank is guided by the Customer Owned Banking Code of Practice, setting it apart from typical banks. All profits are returned to members, making sure that their needs shape every decision.
Mike Currie leads the organisation’s strategy and operations as MOVE Bank's CEO. Before joining the firm, he spent seven years as CEO and COO at QBank. He studied at The London School of Economics and Political Science (LSE).
MOVE Bank’s leadership team brings a mix of industry knowledge and practical experience to guide the bank’s direction:
Taryn Pontifex leads as COO, overseeing operations and credit, and streamlining lending for better member service
Craig Nichols, chief risk officer, brings deep risk expertise from Great Southern Bank and QBank
Trevor McNamara as chief digital officer, drives digital strategy; he is also chief information officer at Foundation Education
Matt Farnham as marketing manager leads member content and campaigns for brand growth
Sascha Jovanoski works as senior lending specialist, supporting members with lending needs since 2019
Antoine Franken, people and culture manager, brings over 10 years’ HR experience, studied at QLD Conservatorium
This leadership group is dedicated to practical solutions and high standards in banking. Their combined experience helps MOVE Bank deliver reliable support and value to every member.
MOVE Bank encouraged members to switch from paper to eStatements in 2025 to make banking easier, more secure, and more sustainable. For every member who made the change, the bank planted a tree with Carbon Neutral, supporting reforestation in Western Australia. This initiative led to 150 new trees and helped restore local biodiversity.
The bank also supports members affected by events like Ex Cyclone Alfred. It offered insurance help and loan support when needed. These efforts strengthen trust and allow the company to support members well into the future, beyond banking.
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