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.
Mozo director Kirsty Lamont looks at just what this inquiry into the banks will mean for consumers.
Tougher rules on credit cards are needed to tackle Australia’s growing personal debt problem.
Cardholders are seeing their points-earning potential dwindle before their eyes, but there are still plenty of credit cards that deliver decent rewards.
A bank cheque is drawn straight from your account and removes the need to lug around a large wad of cash for a downpayment on a new home or buying a secondhand car. But this convenience comes at a cost.
NAB and Westpac have jacked up owner-occupier and investor home loan rates, and we can safely predict Commonwealth Bank and ANZ will follow suit. But there is one bright spot for borrowers.
CBA will suspend new lending for investors looking to refinance as part of a crackdown on investor lending, believed to be behind housing’s rapid growth.
Will the recent inquiry into the banks prompt real change, or is a banking royal commission next on the agenda?
After the recent banking inquiry proposed rate-tracker home loans as a way to ensure customers saw the benefits from RBA rate cuts, at least one Aussie bank has taken the suggestion to heart.
Now that the RBA’s credit card surcharge ban has come into effect, which retailers have passed the extra costs onto consumers?