Look before you leap
Hardly a day goes by when we’re not bombarded with advertising from financial institutions.
With advertising budgets for the Big Four Banks soaring, these advertisements are getting bigger, brighter and sometimes even ultimately harder to ignore.
bankmecu Acting CEO, John Yardley says it is easy to be distracted by advertising, but that every Australian should keep one thing in mind – look before you leap.
“It is important for all Australians to do their homework before committing to a rate, which may turn out to not be as competitive as it first appeared.
“It is easy to see an option on the telly or the radio and sign up, but we urge Australians to go that one step further and compare these rates with smaller banks, like bankmecu who often offer better value.
“For instance, did you know that in 2011, our customers were collectively $31 million# better off than they would have been banking with the Big Four banks?
“Now, thanks to legislative changes, it is also easier to move your everyday transaction accounts from one financial institution to another – including all regular direct debits and credits.
“This is a terrific opportunity to consider bringing your banking together and consolidating your accounts at bankmecu to save time and money.
“We invite you to call one of our customer service officers on 132888 and discuss how bankmecu can offer you a better deal in a responsible way,” Mr Yardley said.
Find out more about switching to bankmecu here, or friends and family can head straight to our online account application to become a bankmecu customer today
# Source: bankmecu’s Cannex Valuation report June 2011. Canstar Cannex provides fact-based data and ratings to Australian consumers and financial institutions.