Big four bank fined $15m for misleading customers
ANZ has been slapped with a $15 million fine after admitting to misleading customers about not having to pay fees on their credit card accounts.The bank failed to inform customers…
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Banking
Amazon Prime scam robs elderly CommBank customer of $40,000
Barry Casey was swindled out of $40,000, half of his retirement savings, in May 2022 by scammers impersonating Amazon Prime.The 69-year-old Sydney man, who has “three forms of…
‘Other banks will follow’: Concern mounts after major bank’s cashless move
A regional business has hit out at a major bank’s decision to shift away from over-the-counter cash transactions, saying there’s still a need for physical money in rural…
Major bank to scrap cash and cheque services in all branches
Macquarie Bank is scrapping cash, cheque and phone payment services next year in a major move to modernise its offerings.Payments will soon only be possible digitally, meaning all…
Major blow for customers with popular Aussie bank
Australian ING customers heading abroad will notice a change in the amount of money they get back in overseas fee refunds, as the bank scraps its international ATM operator fee…
Big banks reveal stance on cash amid ‘cashless society’ concerns
Australia’s big four banks say they are committed to providing cash services to customers, despite some branches no longer offering over-the-counter transactions.Commonwealth Bank…
Major Aussie bank cracks down on crypto transactions
National Australia Bank says it will be blocking transactions to some cryptocurrency exchanges as part of its strategy to reduce financial crime.A NAB spokesperson said it would…
Thousands of Aussies eligible for share of $100m class action settlement
A $100 million settlement has been reached on behalf of Colonial First State superannuation fund members who were allegedly charged excessive fees, with thousands eligible for…
Commonwealth Bank customers hit by major outage: ‘Chaos’
Customers of one of Australia’s biggest banks have been locked out of their finances as a major outage sparks “absolute chaos”.Commonwealth Bank informed customers on Monday…
How Aussie man was scammed out of hundreds of thousands by bank employee
An Australian man living in London has revealed details of an extraordinary multi-million dollar fraud that almost cost him his house, business and his health.Rajesh Ghedia was…