Breaking up with your bank is not hard to do

bankmecu is encouraging consumers who are serious about breaking up with their bank, to switch to a customer owned bank.

The introduction of new government legislation now makes it easier than ever to move transaction accounts, including debits and credits, between banks.

But don’t just look at another big bank for more of the same old same old. Now is the time for consumers to enjoy the benefits of customer owned banking.

Unlike the Big 4 banks, who are all owned by external shareholders bankmecu is owned by its customers and operates in a responsible way that provides mutual benefit for all customers, the community and the planet.

According to bankmecu’s Managing Director, Damien Walsh, the bank’s profit is reinvested back into bankmecu in order to give its customers a better deal.

“Since becoming a customer owned bank in September 2011, bankmecu has exceeded its new customer target every month which is the result of offering competitive rates, fairer fees and a more responsible approach to banking.

“Our service is also second to none. bankmecu’s Net Promoter Score, which measures the likelihood of customers recommending bankmecu to a friend, is higher than any of Australia’s listed banks. In addition, 80% of new customers joining bankmecu do so because they are referred by an existing customer”, said Walsh.

bankmecu recently conducted an annual customer satisfaction survey, with the results revealing a customer satisfaction rating of 94%.

“This is a very pleasing result and is well above the satisfaction rating achieved by any of Australia’s listed banks”, said Walsh.

bankmecu encourages all consumers to look beyond banking with just the Big 4 banks and consider switching to a customer owned bank, where the shareholder who matters is you.