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Bank Accounts News

The latest bank accounts news and tips

Mark Bristow

Personal Finance Editor

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.

Bank Accounts

24 May, 2018

1 min read

Royal Commission driving bank customers to new lenders
Mark Bristow

Personal Finance Editor

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.

Bank Accounts

11 May, 2018

2 min read

More mums working and studying to stay out of financial stress
Mark Bristow

Personal Finance Editor

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.

Bank Accounts

10 May, 2018

3 min read

Consumer Data Right to help Aussies switch and save
Mark Bristow

Personal Finance Editor

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.

Bank Accounts

08 May, 2018

2 min read

Australians swing towards phone and mobile banking
Alex Ritchie

Personal Finance Editor

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.

Bank Accounts

07 May, 2018

3 min read

Bendigo Bank customers most satisfied in Australia
Mark Bristow

Personal Finance Editor

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.

Bank Accounts

06 May, 2018

2 min read

Australians feeling confident ahead of federal budget
Alex Ritchie

Personal Finance Editor

One stop shop' for financial complaints commencing in 2018

The new Australian Financial Complaints Authority (AFCA), first announced in May 2017 by the Australian Government, will be a “one stop shop” to deal with financial system complaints.

Bank Accounts

05 May, 2018

2 min read

One stop shop' for financial complaints commencing in 2018
Mark Bristow

Personal Finance Editor

Small inflation increase over 2018's first quarter

Back to school costs and rising wholesale gas prices are among the factors that have impacted Australian household budgets over the first quarter of 2018, though inflation rose relatively little, according to the latest data from the Australian Bureau of Statistics (ABS).

Bank Accounts

24 Apr, 2018

3 min read

Small inflation increase over 2018's first quarter
Mark Bristow

Personal Finance Editor

A confident start for 2018

Both everyday Australians and the nation’s business sector are enjoying the strongest level of confidence since the end of the mining boom, according to research from Roy Morgan.

Bank Accounts

16 Apr, 2018

2 min read

A confident start for 2018
Mark Bristow

Personal Finance Editor

Love or money? Cultural shifts around wealth and romance

Australian attitudes to money and relationships are changing, in part due to cultural shifts, though some romantic and financial traditions are dying hard, according to a survey from Greater Bank.

Bank Accounts

28 Mar, 2018

5 min read

Love or money? Cultural shifts around wealth and romance
Mark Bristow

Personal Finance Editor

New Code of Practice to help improve Australian bank culture

To help restore public trust in Australia’s banking sector following the recent scandals and the Royal Commission, the Australian Banking Association (ABA) is making subscription to a revised Code of Practice a requirement for membership in the organisation.

Bank Accounts

27 Mar, 2018

2 min read

New Code of Practice to help improve Australian bank culture
Alex Ritchie

Personal Finance Editor

Australian consumer confidence bounces back

Consumer confidence has bounced back from its previous decline, rising 2.2 per cent last week to 118.5, according to data from ANZ-Roy Morgan Australian Consumer Confidence.

Bank Accounts

23 Mar, 2018

2 min read

Australian consumer confidence bounces back