Next time friendly bank staff want to help you with your money, consider this: 75% of advice given to customers wasn’t in the client’s best interests, according to an ASIC review of the big four banks and AMP.
Paying for a car or another big purchase? Bank cheques can be costly if you don’t do your research, with charges ranging from $0 to $15.
Like them or loathe them, our big banks have an impressive track record as a solid investment. But could the banking royal commission leave the banks – and their shareholders – nursing financial wounds?
Mozo director Kirsty Lamont looks at just what this inquiry into the banks will mean for consumers.
If you’ve ever made a late payment on a loan or credit card, your bank could soon be forced to tell other lenders, and you could face higher interest rates.
Free ATM access. A home deposit savings account. A new credit card interest rate. CBA is rolling out a series of new offers in a bid to retain customers, but is it enough?
While it’s been more difficult recently, if there is a will, there is usually a way to refinance.
Banks are blacklisting suburbs where they’re not keen to lend, where borrowers face tougher hurdles to get a mortgage and have to stump up a bigger deposit.