Join the fight for fairer banking!
Across the range of essential banking products, the big banks are always looking for ways to make more money from hard working people like you.
They take advantage of their customers’ trust and abuse their lack of time and in-depth financial knowledge on everyday products like home loans, term deposits and credit cards.
But ME Bank is different in so many ways. It was established to provide Australians with low cost banking products, backed up by high quality, personalised customer service.
If you want to join the fight for fairer banking, the only choice is ME Bank – the bank for union members.
YouTube Video: ‘How to be a customer of the big 4 banks’.
| Shifty Tactics Scorecard - scroll over the ME Bank column on the right to see what makes ME Bank fair! |
| Big Bank Tricks |
nab |
CBA |
Westpac |
ANZ |
 |
| Home Loans |
Excessive advertised rates |
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fair Every month for the past 10 years, ME Bank has offered a lower standard variable home loan rate to industry super fund and union members than those of the big 4 banks.* |
| Home Loans |
Honeymoon rates |
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fair |
fair |
fair ME Bank has never tried to acquire new home loan customers with the cynical ploy of offering a discounted short-term rate that reverts to a higher standard variable rate. |
| Home Loans |
Inequitable inducements |
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fair At the big 4 banks, loyal customers subsidise new ones through low cost introductory offers and lower rates for larger loans. ME Bank prefers to treat its customers fairly throughout the life of their loan no matter what the loan balance. |
| Personal Loans |
Early payment penalties |
fair |
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fair ME Bank believes it's a good thing to help people reduce their debt and encourages - rather than penalises - customers who pay off their fixed personal loans early. |
| Credit Cards |
Complicated conditions |
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fair ME Bank credit cards do not incur higher rates on cash advances compared with purchases, unlike some banks that charge up to more! |
| Term Deposits |
Rollercoaster rate changes |
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fair The big 4 banks seem to know most people with a term deposit do not actively manage their investment, and adjust their rates accordingly. ME Bank term deposits are always priced consistently and near or at the top of the market. |
| Transaction Accounts |
Higher hurdle for no fees |
fair |
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fair ME Bank's EveryDay Transaction Account is a genuine low-cost everyday banking option, which is why its monthly account-keeping fee is waived when you make a deposit of just $500 each month and it comes automatically with a free debit MasterCard.® |
Members’ stories
We were loyal customers of ANZ for many years. My wife challenged ANZ to maybe repay that loyalty, so she rang them to ask what they could offer us as a better rate. She was told a rate that she then followed up at our branch. The staff denied that rate would ever be offered. ME is the real deal.
Steven, CFMEU
I enquired at one of the big four banks about the best interest rate I could receive on my $20,000. The representative from the bank rudely replied "it's in the window out the front" and abruptly turned away. I have since turned to ME Bank and have received nothing but excellent customer service.
Nathan, UNITED
My husband was sick, not working, but had a payout coming. I asked NAB if we could make our mortgage payment of $900, 2weeks late. They said no and set up a personal loan for the amount of the payment due. With loan set up fees of $695 + higher interest rate, it was nearly 100% interest for 2 weeks.
Christine, CPSU-PSU
When applying for a home loan with Westpac I was told that I would not be approved due to the fact that I had changed employers during the last 12 months. ME bank understood that the change was part of my career progression and assisted me gaining a loan to buy my house. Thanks ME
Scott, QTU
It's easy to make the switch to a range of products all providing a fairer offer for union members.
An all-in-one
Home Loan
package
with lower rates
for members
An award winning
low rate MasterCard®.
Bonus 0.25%
interest above our
standard term
deposit rates for
union members.