In 2021, Teachers Mutual Bank Ltd (TMBL) became the first mutual bank in Australia to create and launch a digital bank brand known as HIVER, with Ultracs App 2 being HIVER’s facility in delivering superior user experience and service to its customers'.
With Ultracs App 2 increasing operational efficiencies, HIVER has been able to leverage off these cost savings, and pass on further financial benefits to its core customer base who comprise of essential workers. The Ultracs App 2 has positioned TMBL as a competitive financial institution of choice, and an institution that offers very compatible rates, with no monthly account or ATM fees, and unique to TMBL - cashback on essential purchases.