Need a How-to on Moving from ANZ to Mebank?

Geekomatic on 28/06/2018 - 00:05

Anyone here moved to Mebank, and if so, how are they? I'm tired of ANZ. My accounts earn nothing and our local branch has been removed so I have to do everything online or at the post office anyway.

Mbank has 2.85% on savings and you only have to tap-n-go payment each week— which I easily do if only groceries.

Their everyday has no fees that I can see.

All I want to do is to set up a few auto-payments and otherwise I'm really low usage.

The one thing is though I don't earn a lot, I do get paid in cash. How do I go about depositing cash? Can it be done through the post office, as well?

Lastly, what are the steps to make the move? I've only ever dealt with B&M banks in the past.

Thanks!

Financial

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Comments

  • altomic on 28/06/2018 - 00:08
    +10

    what did Mebank say when you contacted them with these questions?

  • Godric on 28/06/2018 - 00:22

    withdraw, deposit

  • Richardc on 28/06/2018 - 04:40

    Open an account and transfer?

  • JimmyF on 28/06/2018 - 09:00
    +3

    I worry about the human race….. I'm now understanding why the dinosaurs died out.

    • c0balt on 28/06/2018 - 10:23
      +2

      Bad money management. When the interest rates hiked they had no chance, their death knell was sealed well before Chicxulub.

      • JimmyF on 28/06/2018 - 11:30
        +1

        True, the dinosaurs over-invested in the avocado markets and as the human race hadn't gotten up to speed yet with the smashed avocado fad, they hadn't gotten a return on investment yet before Chicxulub event happened, wiping out the avocado fields and dinosaurs with it!

        • HighAndDry on 28/06/2018 - 15:06

          Then we should be safe - avocados are I think one of the few plant species which only exist due to human cultivation, because the animals which naturally ate them and spread their seeds all died out.

    • Geekomatic on 28/06/2018 - 16:20
      -2

      It was after hours and I only just decided to move— so no one to call when I made that post, in case you didn't notice.

      I was after Mebank experiences by people at OB.

      No idea why people have to be so petty and sh*tty for no reason whatsoever.

      Honestly.

      • JimmyF on 28/06/2018 - 18:59

        No idea why people have to be so petty and sh*tty for no reason whatsoever.

        As its pretty bloody common sense on how to move and you asked the question!

        Open account, move money, closed old account.

        • Geekomatic on 30/06/2018 - 15:40
          -1

          Yet another petty/sh*tty comment…

          "I was after Mebank experiences by people at OB."

        • JimmyF on 30/06/2018 - 16:56

          @Geekomatic: oh you poor thing, couldn't work out how to open an account yourself and needs someone to hold your hand?

          Can't wait for the snowflake generation to melt away.

  • Ocker on 28/06/2018 - 09:02

    Now you have got the ANZ gripe off your chest give ME Bank a call

  • pantsparty on 28/06/2018 - 10:04
    +1

    Open an account online with ME Bank. Tell employer to pay your salary into ME Bank. Transfer money from ANZ to ME Bank. Call ANZ and close account. Done.

  • MercSal on 28/06/2018 - 10:13

    It's worth calling ANZ and getting a list of your recurring transactions, so you can move them over to ME Bank.
    For cash, you can deposit cash at any post office displaying the Bank@Post symbol

  • c64 on 28/06/2018 - 10:44
    +1

    have you looked at ING? it offers 2.8% as long as you do 5 card transactions + deposit $1k each month. you can deposit through auspost. i've still got a mebank account but the pay-n-go transaction every 7 das is too onerous for me.

    • FirstWizard on 28/06/2018 - 11:06

      Exactly! With ING I only need to spend a couple of minutes per month to do $1x5 online transactions. And I can do that in the comfort of my home/work.
      With mebank it has to be once a week and it has to be tap and pay, which is a huge dealbreaker for me.

      • Melb69 on 28/06/2018 - 11:32

        @firstwizard Says 5 card transactions not pending. Assume the $1k per month is the pay.

        • FirstWizard on 28/06/2018 - 11:45

          Yep. $1k comes from my pay. I pay $1x5 to Powershop using my ING visa card (BPay doesn't count), doesn't even take a minute. I use a credit card to pay the rest of my electricity bill as I get points.

          Haven't yet managed to find a way to automate the 5 payments. So far I have a reminder set up once a month for this.

          ING is fully integrated to the NPP. Even BSB transfers to other banks are instantaneous, not just PayID. So if you just want to cycle the $1k, you can deposit/withdraw 1minute apart.

        • Melb69 on 28/06/2018 - 11:49

          @FirstWizard:

          So you make a random 5 transactions to your power bill supplier. Nice for them. Just about the set up a new account. Son says it is the best.

        • FirstWizard on 28/06/2018 - 11:51

          @Dedbny: Do use a referral to get the joining bonus!

        • FirstWizard on 28/06/2018 - 13:03

          Personal referrals are $25 per person at the moment I think.

          Check below for a better deal!
          https://www.ozbargain.com.au/node/377441

        • Melb69 on 28/06/2018 - 17:39

          @FirstWizard:
          Thanks @firstwizard $75 hopefully coming my way. Sorry to highjack Ops post.

    • Geekomatic on 28/06/2018 - 16:22
      -1

      Isn't the pay-n-go any transaction you make with the card? As-in, my weekly grocery trip? Or is it something else?

    • Geekomatic on 28/06/2018 - 16:24
      -1

      As I said, I'm low income. I don't always make $1000 a month, but I have still got some savings, which is why I asked for OB experiences— anyone here who is with Mebank and can share their opinions.

      Ta

      • FirstWizard on 29/06/2018 - 13:51

        for ING, $1000 does not have to be salary. If you can cycle between another non-ING bank account it'll still count. So even if you have $500 as income, all you have to do is to send it to a different bank and get it back.

        NAB is mostly fee free, could be your backup bank. But it doesn't make much interest.

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