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Mutually Beneficial

by Tas Bindi8 minute read
Mutually Beneficial

The mutual banking sector has seen strong growth over the last couple of years, with socially conscious customers increasingly asking their brokers about alternatives to the major banks who have been forced to reinvent themselves following the fallout from the banking royal commission. We explore the shift towards customer-owned banks

Mutual banks provide the same consumer banking services as publicly listed banks, including credit cards, personal loans, home loans, term deposits, online savings accounts and mobile banking. The critical difference is that mutuals are owned by the customers they serve.

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mutually beneficial

Tas Bindi

AUTHOR

Tas Bindi is the features editor for The Adviser magazine. 

Prior to joining Momentum Media, Tas wrote for business and technology titles such as ZDNet, TechRepublic, Startup Daily, and Dynamic Business. 

You can email Tas on: [email protected]

 

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