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Socially responsible banking at Teachers Mutual Bank Limited.

Ethical, Digital, Mutual: we’re launching our new digital bank “Hiver”

June 21 2021

Hiver is set to be the first Australian ethical and digital bank that matches global benchmarks for social responsibility and meets Australians’ banking expectations.

Hiver represents a new category of bank that combines digital banking technology and responsible investing, with the sustainable funds of a strong and respected industry player, Teachers Mutual Bank Limited. 

Hiver is the only digital bank built for Australia’s essential workers in education, health and emergency services. Hiver is ethical, digital, mutual.

Essential workers deserve a bank that they can trust to invest responsibly and act ethically, while securing their financial future. 

Steve James, CEO of Teachers Mutual Bank Limited, said, “As the first digital mutual bank to hit the market, we are combining the best of new banking technology with the financial security of a nine-billion-dollar balance sheet and a proven, ethical business model.”

Carolyn Murphy, Chief Digital Bank Officer, said, “Essential workers’ confidence in our ethical and efficient approach to banking could not be more important.”

Hiver represents Teachers Mutual Bank Limited’s philosophy that banking is about more than putting money in an account.  

Read the press release here:

New digital bank Hiver launches | Teachers Mutual Bank Ltd. (

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