Are there any hidden fees with MOVE Bank's fixed-rate home loans?

Yes, there is a hidden rate lock fee for fixed-rate loans. This fee can be 0.20% of your loan amount, which means a $1 million loan could incur a $2,000 fee.

What should I do if I experience long wait times with MOVE Bank's customer service?

If you're facing long wait times, try reaching out via their online chat or email for potentially quicker responses. Some customers have found success by contacting specific staff members directly, like Scott, who has been praised for his support.

How do I handle the transition to MOVE Bank's new 9-digit account numbers?

You'll need to update any scheduled payments and transfers with the new account numbers. It's important to do this promptly to avoid any disruptions in your transactions.

What are the repayment amounts for a $500,000 loan at 5.99% over 30 years with MOVE Bank?

For a $500,000 loan at 5.99% over 30 years, your monthly repayment would be $2,995, with a total interest of $578,034 over the loan term.

How can I avoid dishonour fees if I close my MOVE Bank account?

Ensure all pending transactions are completed before closing your account. If a transaction is processed after closure, you might incur dishonour fees.

How much could I save by refinancing to MOVE Bank?

If you refinance a $1,000,000 loan to MOVE Bank, you could save $332 each month, totaling $119,377 over the life of the loan, compared to the market average.

What is the discharge process like at MOVE Bank?

To discharge your mortgage, complete a discharge authority form and submit the necessary documents. The process typically takes 2-4 weeks, depending on its complexity.

Does MOVE Bank offer any special benefits for professionals?

Yes, MOVE Bank offers a 0.10% rate discount for medical and legal professionals through their Professional Package.

What should I expect if I have issues with phone line quality when contacting MOVE Bank?

If you encounter poor phone line quality, consider using their online chat or email services for potentially clearer communication. Some customers have found these methods more effective.

UPDATED JUN 23, 2026

MOVE Bank Home Loans: The 2026 Review

No ongoing fees and a competitive 5.86% p.a. rate make MOVE Bank ideal for professionals. Watch out for hidden rate lock fees. Ready to save on your next loan?

Bheja Verdict

Very Good

4.0/5

✓

Highly competitive rates across products

✓

Established major bank

Check Eligibility

MOVE Bank Home Loans At a Glance

🏷️Best Rate Available

5.99%

Variable • Owner Occupied

💳Application Fee

$600

Upfront fee applies

📅Monthly Fee

Ongoing service fee

Loan Range:$50K - $3.0M

LVR:Up to 95%

Products:28 variations

Offset Account:Available

Current MOVE Bank Home Loan Rates

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Average Rate: 6.53%
Best Rate: 5.99%
Monthly Payment: $2,995

Advanced

Sort By

Everyday Home Loan Owner Occupied PandI 80 or less LVR
MOVE Bank
Min 20% DepositRedraw
5.99%
Interest Rate
Variable
6.04%
Comparison Rate*
$2,995
per month
Principal And Interest
Visit lender’s site
Check Eligibility
Fees:
Application $600Discharge $350
Everyday Home Loan Owner Occupied PandI 80-90 LVR
MOVE Bank
10%-20% DepositRedraw
6.19%
Interest Rate
Variable
6.24%
Comparison Rate*
$3,059
per month
Principal And Interest
Visit lender’s site
Check Eligibility
Fees:
Application $600Discharge $350
Offset Home Loan Owner Occupied PandI 80 or less LVR
MOVE Bank
Min 20% DepositOffsetRedraw
6.19%
Interest Rate
Variable
6.24%
Comparison Rate*
$3,059
per month
Principal And Interest
Visit lender’s site
Check Eligibility
Fees:
Application $600Discharge $350
Offset Home Loan Owner Occupied PandI 80-90 LVR
MOVE Bank
10%-20% DepositOffsetRedraw
6.39%
Interest Rate
Variable
6.44%
Comparison Rate*
$3,124
per month
Principal And Interest
Visit lender’s site
Check Eligibility
Fees:
Application $600Discharge $350
Standard Owner Occupied PandI
MOVE Bank
Min 20% DepositOffsetRedraw
7.90%
Interest Rate
Variable
7.95%
Comparison Rate*
$3,634
per month
Principal And Interest
Visit lender’s site
Check Eligibility
Fees:
Application $600Discharge $350

MOVE Bank Product Statistics

Real-time insights and market analysis

MOVE Bank offers 28 home loan products across 28 variations, the average variable rate is 6.60% p.a., the best available rate is 5.99% p.a..

Average Variable Rate

6.60%

12 products

Average Fixed Rate

6.76%

16 products

Best Available Rate

5.99%

Variable • Owner Occupied • P&I

Total Products

28 variations

Fee Summary

Application Fee

$600

Monthly Fee

Discharge Fee

$350

Late Payment Fee

Key Features

Across MOVE Bank's range: 15 include an offset account, 28 offer redraw, 28 allow extra repayments, 26 support split loans.

Offset Account

54%

Redraw Facility

100%

Extra Repayments

100%

Split Loan

93%

Product Ranges

MOVE Bank's interest rates range from 5.99% to 8.49% p.a., maximum LVR from 80% to 95%, loan amounts span $50,000 to $3,000,000.

Interest Rates5.99% — 8.49%

Max LVR80% — 95%

Loan Amount$50K — $3.0M

Disclaimer: The key features displayed highlight what's available across the lender's home loan range. Individual products and variations may differ. Use the product table to search for a loan with the specific features you're looking for.

How MOVE Bank Compares

FEATURE	MOVE Bank	BOQ Specialist	ME Bank - ME Go	Bank of Queensland Limited
Best Variable Rate	5.99%BEST	8.02%	5.99%	6.03%
Best Fixed Rate (3yr)	6.59%	—	6.49%	6.49%
Application Fee	$600	$0	$0	$300
Monthly Admin Fee	$0BEST	$10	$0	$10
Offset Account
Redraw Facility
Product Variations	28	12	200	68

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Bheja Insight: MOVE Bank currently leads with the lowest variable rate among major banks, making it a strong choice for borrowers seeking flexibility.

About MOVE Bank

Company overview and contact information

MOVE Bank is an independent major bank in Australia, offering a blend of branch and online services. With a focus on customer-centric banking, MOVE Bank operates under the Australian Credit Licence 234536. Although specific founding details are not available, the bank has established itself as a reliable choice for home loans, catering to a diverse range of customers.

MOVE Bank provides a comprehensive suite of 28 home loan products with interest rates ranging from 5.99% to 8.49%. Their offerings include fixed-rate options and construction loans, ensuring flexibility for different borrower needs. MOVE Bank also offers a Professional Package, providing a 0.10% rate discount for medical and legal professionals, enhancing its appeal to these sectors.

What sets MOVE Bank apart is its commitment to transparency and customer savings, with no ongoing fees on their loans. This, combined with their competitive rates and special programs, positions MOVE Bank as a strong contender in the home loan market, appealing to both first-time buyers and seasoned homeowners.

Company Details

Legal Name: MOVE Bank

ABN: 91087651090

ACN: 087651090

Ownership: Independent

Key Features

MOVE Bank offers competitive home loan features such as no ongoing fees, flexible repayment options, and a 100% offset account, providing value and flexibility for Australian borrowers.

Unlimited Free Redraw

MOVE Bank provides an unlimited free redraw facility, allowing borrowers to access extra funds paid into their loan without incurring fees. This feature offers financial flexibility by enabling borrowers to manage their cash flow effectively.

Capped at $10,000 Extra Repayments

Borrowers can make extra repayments up to $10,000 per year on fixed loans without penalties. This allows for faster loan repayment and interest savings, enhancing financial control.

Split Loan

MOVE Bank allows borrowers to split their loan into fixed and variable components, providing a balance between the stability of fixed rates and the flexibility of variable rates. This feature caters to diverse financial strategies.

Interest Only with Premium

For investment loans, MOVE Bank offers interest-only repayment options with a 0.20% premium added to the rate. This can be beneficial for investors seeking to maximise cash flow in the short term.

Fortnightly or Monthly Repayment Options

MOVE Bank offers the flexibility of fortnightly or monthly repayments, allowing borrowers to align their loan payments with their income schedule, which can help in managing budgets more effectively.

100% Offset Account

The 100% offset account at MOVE Bank reduces the interest payable on the home loan by offsetting the loan balance with the account balance. This can lead to significant interest savings over the loan term.

No Ongoing Fees

MOVE Bank's home loans come with no ongoing fees, reducing the overall cost of the loan and providing clear, predictable financial planning for borrowers.

Personalised Service from Home Loan Specialists

Borrowers receive personalised service from dedicated Home Loan Specialists at MOVE Bank, ensuring tailored advice and support throughout the loan process.

Online Redraw Facility

MOVE Bank offers a free online redraw facility, providing convenient access to extra repayments made on the loan. This feature enhances digital banking convenience and financial flexibility.

Fees & Charges

MOVE Bank offers a comprehensive fee structure for home loans, with transparent details on various upfront, ongoing, and conditional fees. They provide fee waivers for first-time home buyers, enhancing affordability and clarity.

Fee Type

Amount

Description

Home Loan Establishment Fee

$600

Charged for setting up the home loan. Waived for first-time home buyers who apply before June 30, 2026.

Discharge Fee

$350

Applies when a loan is paid off and discharged. Requires submission of a discharge authority form.

Split Fee

$50

Charged for splitting the loan between different accounts, applicable to Everyday & Offset Home Loans.

Annual Package Fee

$0/year

No annual fee for maintaining the loan package.

Monthly Fee

$5/month

Charged if specific criteria are not met for account maintenance.

Electronic Transfer - Urgent

$25

Fee for processing urgent electronic transfers.

Overseas ATM Withdrawal

Charged for withdrawing cash from overseas ATMs.

Overseas Currency Fee

2% of transaction value

Applies to transactions made in foreign currencies.

Replacement Card Fee

$15-$200

Varies by urgency and location: $15 for domestic, $25 for urgent domestic, $200 for overseas replacements.

Fixed Rate Lock Fee

$375

Charged to lock in a fixed interest rate, preventing changes due to market fluctuations.

Loan Redraw Fee

Free-$25

Free for staff-assisted redraws, $25 for other staff-assisted redraws.

Complete Package Fee

$395/year

Annual fee for maintaining a complete loan package.

Fixed Rate Break Fee

Variable

Calculated based on the estimated loss incurred by the bank when breaking a fixed-rate agreement.

Fees subject to change. Refer to lender documentation for current rates.

Eligibility Criteria

MOVE Bank offers home loans with flexible options to suit a variety of borrowers, including both owner-occupiers and investors. With competitive LVR limits and special programs for professionals, MOVE Bank aims to make home ownership accessible to a wide range of customers.

Applicants must be at least 18 years old.

Applicants must be Australian citizens or permanent residents.

A minimum salary credit of $1500 per month must be deposited into a MOVE Bank transaction account.

Proof of income such as payslips or tax returns is required.

Maximum LVR of 80% without Lenders Mortgage Insurance (LMI).

Maximum LVR of 95% with LMI for owner-occupied loans.

Maximum LVR of 90% with LMI for investment loans.

A registered first mortgage over the residential property is required.

Applicants must provide evidence of savings and living expenses.

Applicants need to have a good credit history.

Important Notes

LMI is required for loans with an LVR above 80%.
Special rate discounts are available for medical and legal professionals under the Professional Package.
MOVE Bank imposes daily withdrawal and payment limits, which may affect access to funds.
Customers must update to 9-digit account numbers by February 2026 to avoid payment disruptions.

MOVE Bank Home Loan Pros & Cons

Our expert take on whether MOVE Bank is right for you

Pros

+Competitive interest rates below market average
+No ongoing fees
+100% offset account available
+Cashback offer of $2,000 for refinancing over $250,000 (valid until December 31, 2026)
+Professional package discounts for medical and legal professionals

Cons

–Reports of poor customer service and communication issues
–Daily withdrawal and payment limits
–Hidden rate lock fees for fixed – rate loans

Best For

Borrowers seeking competitive rates below market average
Homeowners looking for no ongoing fees
Individuals interested in cashback offers (valid until December 31, 2026)
Customers wanting a 100% offset account
Medical and legal professionals seeking rate discounts

Not Ideal For

Borrowers who prioritize exceptional customer service
Individuals needing high daily withdrawal limits

💡

Bheja Verdict: MOVE Bank offers competitive rates and no ongoing fees, making it a cost-effective choice for borrowers, though customer service issues may be a drawback.

Expert Secrets (Why Use Us?)

Insider knowledge about MOVE Bank that most borrowers don't know

LMI Cost Examples

1For a $500,000 loan at 85% LVR, LMI costs $6,000.

2At 90% LVR, the LMI cost rises to $12,500 for a $500,000 loan.

3A $500,000 loan at 95% LVR incurs a $21,000 LMI cost.

4For a $750,000 loan at 85% LVR, LMI costs $9,000.

Fee Waivers

$600 home loan establishment fee waived for first-time home buyers who apply before June 30, 2026.

Offset Benefits

A $10,000 offset account can save you approximately $50 per month, totaling $600 annually.

With a $25,000 offset, you can save around $125 monthly, equating to $1,500 per year.

A $50,000 offset account can reduce your interest by about $250 each month, saving $3,000 annually.

Maximize savings with a $100,000 offset, cutting interest costs by approximately $499 monthly, totaling $5,988 per year.

Admin & Logistics (The Help Desk)

Everything you need to manage your loan

Application Process

5 Steps

Complete the Discharge Authority Form: Download and fill out the Discharge Authority Form from MOVE Bank's website. Ensure all fields are correctly filled to avoid delays. (Tip: Double-check all details and signatures before submission.)

Submit Necessary Documents: Gather all required documents, including identification and loan details, and submit them along with the Discharge Authority Form. (Tip: Use registered mail or email confirmation to ensure receipt.)

Pay the Discharge Fee: Pay the $350 discharge fee as instructed by MOVE Bank. This fee is necessary to process your discharge request. (Tip: Confirm payment methods with MOVE Bank to avoid any issues.)

Coordinate with Settlement Agent: If applicable, coordinate with your settlement agent to ensure all parties are ready for the discharge process. (Tip: Keep open communication with your agent for smooth processing.)

Contact MOVE Bank for Confirmation: Reach out to MOVE Bank's customer service to confirm that all documents and payments have been received and processed. (Tip: Call during business hours for prompt assistance.)

Processing Times

Discharge Process2-4 weeks

Required Documents

Discharge Authority Form

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Pro Tips

Request the discharge at least 2 weeks before your desired settlement date to avoid delays.
Ensure all forms and documents are complete and accurate to prevent processing issues.
Contact MOVE Bank’s discharge team if you have any questions or need clarification.
Keep a copy of all submitted documents for your records.
Be aware of any additional fees that might apply, such as settlement agent fees.

MOVE Bank Mortgage Calculator

Estimate your repayments using current MOVE Bank home loan rates

Over 30 years, borrowing $480,000 at 5.99%, total cost including interest and known fees could be around $1,035,863. Estimated monthly repayment: $2,874.76.

Home loan option

Property price

Your deposit

Loan term (years)Repayment frequency

Estimated total cost over 30 years

$1,035,863

Estimated repayment

$2,874.76

monthly repayment

Amount you borrow: $480,000 · At 5.99% · Variable — can change with the market

This loan can be split between fixed and variable. This estimate uses one option only.

Known fees in this estimate

Application fee: $600
Discharge fee: $350
Total ongoing fees (30 yrs): $0

How is this calculated?

Estimated total cost includes the amount borrowed, interest over the full loan term, and any upfront, ongoing, and discharge fees published by the lender. It does not include stamp duty, LMI, or savings from an offset account.

The revert rate is the rate your loan may switch to when a fixed, introductory, or interest-only period ends. Where a lender hasn't published this rate, we use an estimate.

Cost breakdown

Amount you borrow: $480,000
Total interest: $554,913
Upfront fees: $600
Ongoing fees: $0
Discharge fee: $350
Estimated total cost: $1,035,863

These figures are estimates only. Your actual repayments and costs may differ. Confirm all details with your lender before making a decision.
Where a lender hasn't published their revert rate (the rate that applies after a fixed, introductory, or interest-only period ends), we estimate it. Your repayments may change when this period ends.
Split loans and offset accounts aren't included in this estimate.
For product comparison and comparison rates, see the rates table above.

Still Unsure? Let a human handle it.

Not sure if MOVE Bank is right for you? Our brokers can help you compare options.

Frequently Asked Questions

Pre-approval usually takes 1-5 business days after you submit your documents. Formal approval can take 3-10 business days after your property is valued and assessed. Overall, expect the process to take about 4-6 weeks from start to settlement.