ME Bank today announced it had made big improvements to its EveryDay Transaction Account with Debit MasterCard®, providing fantastic new features for customers.
Mr Jamie McPhee, ME Bank Chief Executive Officer, said the changes demonstrated ME Bank's commitment to fairer banking, and offer members of industry super funds and unions a genuine alternative to the major banks.
"The improvements make ME Bank's EveryDay Transaction Account one of the lowest cost transaction accounts available on the Australian market," Mr McPhee said.
On 1 July 2012, new 'tick and flick' laws came into force, making it easier to switch banks. The new laws are part of a range of measures by the Australian Government to increase competition between banks and help Australians get a better deal on their banking.
Mr McPhee said ME Bank had heard time and time again that many people are unsatisfied with the transaction offerings from the majors, but figuring out how to switch to a fairer banking alternative seemed too much of a hassle.
"Customers have not been sure what their rights are, or if there is a correct process that they should follow. ME Bank is championing the Government's new policy and offering the transaction account switching service for all our customers."
"With the improvements to our EveryDay Transaction Account and the ability to make switching banks even easier, customers can now easily make the move to fairer banking."
ME Bank is the only bank in Australia which is 100 percent owned by Australia's leading industry super funds. ME Bank provides industry super fund, union and employer association members with agenuinely fairer banking alternative.