ArticlesI have wanted to complete my migration from CUA to Bendigo Bank for some time. In fact, it was two-and-a-half years ago that I complained that my local Credit Union Australia (CUA) branch had closed, and that I was assessing Bendigo Bank as a replacement.
To close my CUA account, I think I have to go into a branch. There is no convenient branch near me. There’s a branch in Newtown, about 35 minutes away, that I drive past a couple of times per week, but always after hours. That branch was useless while I had a full-time job.
So, one of my pretirement tasks was to finish my migration. I did the last of the direct debit paperwork three months ago, I waited a month to make sure there weren’t any remaining payments I missed, and then I was ready to close the account.
It took another two months before I had assembled a list of errands that I could do in the area to make the drive across town during the day worthwhile, and to find a window to do it. Today, I had the perfect opportunity.
Only to discover that, in the meantime, the Newtown branch has been closed.
Comment by Richard Atkins on September 15, 2008
Does that mean its now a race between you two? You to close your account and them to close up all their branches… Who will win?
Comment by Julie on September 17, 2008
Thought I’d mention that the bank I represent has a high-yield savings account with 3.5% interest and online access: [redacted]
[Ed: I removed the link, because this is spam, but left the comment because I felt the need to justify my actions. This bank doesn’t have a local branch, which if you read the original email, was a necessary requirement to accept coin deposits. I already have a high yield cash management account with a different online bank, with a considerably higher interest rate than 3.5%.]