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Bank Accounts News

The latest bank accounts news and tips

Mark Bristow

Personal Finance Editor

Australian banks unite to stop scammers – how you can protect yourself

Australia’s banking industry is stepping up its war on scams and fraud, launching a new Scam-Safe Accord intended to put scammers out of business in Australia. 

Bank Accounts

24 Nov, 2023

3 min read

Australian banks unite to stop scammers – how you can protect yourself
Eden Radford

External Comms Lead

ATMs and branches drop across the country – how banks are backing away from cash

The number of ATMs and bank branches has dropped by more than one in 10 in the last financial year, as banks and customers move their transactions online.

Bank Accounts

19 Oct, 2023

8 min read

ATMs and branches drop across the country – how banks are backing away from cash
Alex Ritchie

Personal Finance Editor

Big bank ATM withdrawal restrictions suggests cash no longer king

The payment behaviour of Australians has changed significantly over the last five years prompting banks to now request customers call ahead if needing to draw large amounts of cash.

Bank Accounts

07 Jul, 2023

4 min read

Big bank ATM withdrawal restrictions suggests cash no longer king
Paul Marshall

CEO

Financial literacy - what young people need to know

The term ‘financial literacy’ describes the combination of awareness, knowledge, skill, attitude and behaviour necessary to make sound financial decisions and ultimately achieve financial wellbeing. A key to being financially stable, building assets and achieving personal goals, financial literacy is something everybody should have and want.

Bank Accounts

18 May, 2023

7 min read

Financial literacy - what young people need to know
Laine Gordon

Head of Public Relations

ING frustrates customers by watering down its Orange Everyday travel benefits

Australian travellers with the popular ING Orange Everyday account will no longer receive a refund on fees charged by overseas ATM providers from 1 August.

Bank Accounts

19 Apr, 2023

6 min read

ING frustrates customers by watering down its Orange Everyday travel benefits
Paul Marshall

CEO

Is Australia insulated from the SVB and Credit Suisse crises?

International banks have been occupying the headlines in recent weeks, with the collapse of some of America’s biggest banks, and the industry-bail out of a European one.

Bank Accounts

24 Mar, 2023

7 min read

Is Australia insulated from the SVB and Credit Suisse crises?
Alex Ritchie

Personal Finance Editor

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

You may be curious as to whether your money is actually safe in a bank, or better kept hiding under your mattress. While there are laws in place designed to protect your cash, legislation passed in 2018 may mean that your deposits are vulnerable

Bank Accounts

20 Mar, 2023

6 min read

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

Personal Finance Editor

Openpay shuts its doors: what is the future of buy now, pay later?

One of the key Australian players in the buy now, pay later space, Openpay, has collapsed. So, what does this mean for the future of BNPL platforms in Australia?

Bank Accounts

08 Feb, 2023

5 min read

Openpay shuts its doors: what is the future of buy now, pay later?
Alex Ritchie

Personal Finance Editor

New $5 note will NOT feature King Charles III, honours First Nations Australians

The new $5 design is set to remove the portrait of Queen Elizabeth II. However, King Charles III will not replace her, but instead the new design is set to honour First Nations Australians.

Bank Accounts

02 Feb, 2023

3 min read

New $5 note will NOT feature King Charles III, honours First Nations Australians
Alex Ritchie

Personal Finance Editor

How to use BNPL platforms safely while Buy Now, Pay Later debts are growing

Are you struggling with your Buy Now, Pay Later repayments? You’re not alone, according to a new BNPL report released. However, it is possible to use BNPL platforms safely and responsibly – it may just take some small adjustments.

Bank Accounts

15 Nov, 2022

5 min read

How to use BNPL platforms safely while Buy Now, Pay Later debts are growing
Alex Ritchie

Personal Finance Editor

Suncorp offers new bank account that tracks your carbon emissions

In a win for sustainable banking, Suncorp has revealed its new online transaction account that allows customers to view the estimated carbon emissions of their purchases.

Bank Accounts

11 Nov, 2022

3 min read

Suncorp offers new bank account that tracks your carbon emissions
Mark Bristow

Personal Finance Editor

What the RBA's Financial Stability Review says about money in Australia right now

Global volatility, higher inflation and interest rates, plus cyber-attacks and climate change are all affecting Australia’s financial stability. The new report from the Reserve Bank of Australia (RBA) looks at the risk these factors and more pose to the nation’s economy, but what can you do about their effect on your household bank accounts?

Bank Accounts

11 Oct, 2022

6 min read

What the RBA's Financial Stability Review says about money in Australia right now