Bank Accounts News

Is it still safe to keep my money in a bank?

Let’s explore how the money you deposit into a bank is kept safe, and whether it is at risk of being compromised.

ME Bank enables Google Pay as shoppers turn away from cash amid COVID-19

ME Bank has switched on Google Pay for its customers who have an Android smartphone or wearable.

Thousands of ATMs removed due to COVID-19 business closures

People may have a harder time pulling out their money as closures brought about by the pandemic have led to thousands of ATM machines being decommissioned. 

UK fintech Revolut brings new money app down under

Revolut has rolled out a money app in the growing Australian fintech market, which brings together budget management and fee-free money transfers in one app.

Could negative inflation keep rates on hold?

The Australian Bureau of Statistics (ABS) has recorded the largest fall in Australia’s Consumer Price Index (CPI) in its 72-year history, indicating that it may be some time before we start seeing interest rates rise.

The great divide – how COVID is hurting some families and helping others

When it comes to the financial impacts of COVID-19, there are two narratives emerging amongst Australians: those who are being hurt by COVID-19, and those being helped.

Childcare fees are back – tips to keep costs down

After more than three months of not paying a cent for childcare, thanks to relief offered by the Australian government in response to the COVID-19 pandemic, families will start paying fees again this week.

Bank accounts offering you cash back in July 2020

Everyone loves getting something for nothing, and there are a range of Aussie banks offering cashback rewards for new customers who join this month, up to $100.

What is Open Banking and what does it mean to me?

One of the first events of the new financial year is the launch of Open Banking, which promises to make it much easier to compare financial offers and switch banks. But what is Open Banking, and does it live up to the hype?

Give your transaction account a financial health check

It can be easy to overlook the importance of having the right transaction account, but this new financial year is the perfect time to give the place you store your money a financial health check.

Australian households experience largest wealth decrease in nine years – how to check your own finances

Do you feel like you’re in a tighter financial spot than you were at the start of this year? You’re not alone. New figures from the Australian Bureau of Statistics (ABS) show that in the March quarter 2020, Australia experienced its largest decrease in average household wealth since the September quarter 2011. With this in mind, it could be good to conduct your own financial health check before the end of the financial year.

Bank fees fall, but Australians still fork out $3.92 billion

Australians forked out $3.92 billion in bank fees last year, new figures from the RBA show. This equates to around $406 per household in bank fees a year.

Australia in recession – how to secure your finances

Australia is now in a recession, confirmed Treasurer Josh Frydenberg today, a result of the impacts of the COVID-19 pandemic and the catastrophic summer bushfire season.