Which financial institution?

[Anastasia]

Ok my mission for the next 2 weeks is to find an ethical financial institution to switch to. We are currently with nab (stupid abbrev) as we've always been with them. I don't like them. But I've been so overwhelmed with all the info I have to wade through that i just gave up making a decision.

But I've decided I'm giving myself 2 weeks to go through a bunch of financial institutions and at the end I want to make a decision and switch. So who have you chosen and why?

Keep in mind I am in QLD, would prefer to support a QLD institution if possible but I do need an institution that has flexible options, good internet banking etc. Help!

[9anda1f]

Anastasia, Do you have Credit Unions in Australia? I find that the CUs here in the states are much more oriented towards their members than any bank I've ever dealt with. 9anda1f

[Anastasia]

Yup we do, however there are SO many it can be hard to choose among them! LOL That's why I was hoping to get suggestions to look into (Ive already had a few suggested).

[Cornonthecob]

Wide Bay .....SuncorpMetway......

[ecodharmamark]

G'day Anistasia

I've been with my local credit union for a while now. They offer excellent service including internet banking and I rest easy knowing that all of the profit is returned to our local community.

In Queensland, you could try Maleny CU. My friends swear by them:

http://www.malenycu.com.au/

Cheerio, Mark.

[Anastasia]

Thanks Mark. Maleny CU sounds great but won't work for our day to day account (they don't have atm cards, and having to link through another institution seems kind of pointless). However I think I might look at opening an account for my daughter with them (not planning on doing anything other than depositing into that). Hm there are definite possibilities.

[Cornonthecob]

The best way to have money in a bank is to buy shares!

[Tezza]

I think you should Save all your money and keep it around the house in a safe or something fire and theft proof.....


If the shit hits the fan weather wise and aussie starts drying up so will the banks...If things go wrong ,first things that will happen is a rush on money.second thing will be banks closing their doors...

As i say "You cant beat Cold Cash"


When the banks shut their doors ...no matter how many millions you got in there itll mean stuff all..

There arnt enough notes to cover all the money...

Tezza

[helenlee]

I've had an account with Suncorp for many years & find their service excellent. Won't go into all the bells & whistles here because I'm not sure it's appropriate to plug them on this site.
I don't know about the ethics of it's investments, which was the main question of your post. Best of luck with your search.
Helen

[Richard on Maui]

What about forming a Permaculture Credit Union?