02.Move Your Money, switch and save
The CHOICE Move Your Money campaign is calling on Australians to look beyond the ‘big four’ banks to save money and drive competition.
Help shift the balance of power in banking back towards consumers with three simple steps:
1. Sign up: sign the Move Your Money petition and deliver a message to the ‘big four’ bank CEOs that enough is enough.
2. Shop around: we’ll help you find a better deal with independent and trusted information on home loans, credit cards, savings and transaction accounts, including through the Compare, Ditch & Switch comparison tool. Everyone who signs up to Move Your Money will be emailed a CHOICE switching kit
3. Switch: we’ll share experiences from Move Your Money supporters who find a better deal, including those who dump their ‘big four’ bank in favour of smaller institutions such as credit unions and mutuals
What is the message to the ‘big four’ bank CEOs?
We think it’s wrong that at a time of record profits, Australia’s major banks are willing to take their customers for granted. The major banks rely on perceptions that switching is too much hassle or that there are no better deals out there. But experience shows that consumers can save by also ‘thinking small’, and moving your money is now easier than before.
Move Your Money is sending the ‘big four’ bank CEOs a message that Australian consumers are prepared to look for a better deal, and if they find one with a smaller institution, they will ditch their big bank.
What’s the next step?
Signing the Move Your Money petition delivers a message to the ‘big four’ banks. Throughout the campaign, we will be communicating with everyone who signs the Move Your Money petition, providing information on how to look for a better deal on home loans, credit cards, savings and transaction accounts, and giving campaign updates. We will also be encouraging Move Your Money supporters to share their stories about switching, providing tips and encouragement.
What else do I need to know?
CHOICE’s Move Your Money petition is powered by Change.org, an online platform for social change, and a separate party to CHOICE. We are using Change.org to try and spread the message about Move Your Money as quickly and as widely as we can.
CHOICE will be emailing supporters using Change.org’s platform, and Change.org will email you to find out if you wish to hear about other campaigns they host. You will be given the option to unsubscribe from any further communications.
For more information, please read our full FAQs.