Bank Accounts News

Federal Court approves: CBA to pay largest ever civil penalty in history

Alex Ritchie

Jun 21, 2018( 2 min read )

ATO busts myths, flags crackdown

As tax time approaches, the Australian Taxation Office has warned that it will pay close attention to claims for work-related clothing and laundry expenses.

Nick Bendel

Jun 16, 2018( 3 min read )

CBA agrees to $700m penalty

CBA have come to an agreement with AUSTRAC to pay a $700 million penalty relating to serious breaches of anti-money laundering and counter-terrorism financing laws.

Alex Ritchie

Jun 4, 2018( 3 min read )

Royal Commission driving bank customers to new lenders

Australians, shocked by the stories coming out of the Banking Royal Commission, are investigating alternative options for their finances, such as mutual banks, building societies and credit unions.

Mark Bristow

May 24, 2018( 1 min read )

More mums working and studying to stay out of financial stress

This Mother’s Day, there are 114,800 mums who work, study and care for their children under the age of 15 at the same time, according to the Australian Bureau of Statistics (ABS). The number of Australian mums in paid employment is reportedly on the rise, making a big difference to the likelihood of their households ending up in financial stress.

Mark Bristow

May 11, 2018( 2 min read )

Consumer Data Right to help Aussies switch and save

Switching banks, phone plans or energy companies may become much simpler and easier in the future, with the help of a new federal government Open Banking initiative that gives consumers the right to access to their banking data.

Mark Bristow

May 10, 2018( 3 min read )

Australians swing towards phone and mobile banking

Popping down the street for a chat with your local banker or even to use the ATM appears to be falling out of favour, with Australians increasingly turning to mobile and phone banking to manage their personal finances.

Mark Bristow

May 8, 2018( 2 min read )

Bendigo Bank customers most satisfied in Australia

Roy Morgan research has found customer satisfaction with the banks in the six months to March 2018 was at 80.9 per cent, down 0.1 percentage points from February.

Alex Ritchie

May 8, 2018( 3 min read )

Australians feeling confident ahead of federal budget

Many Australians appear have a good feeling about the upcoming federal budget, with higher consumer confidence and lower inflation expectations being recorded by Roy Morgan.

Mark Bristow

May 7, 2018( 2 min read )