Bank Accounts News
The latest bank accounts news and tips
Laine Gordon
Money Editor
Banks close hundreds of branches and ATMs last financial year: APRA
More than 1,600 bank branches closed nationally in the last five years, with 230 branches shut in the last financial year alone, as customer move their transactions online.
Bank Accounts
16 Oct, 2024
7 min read
Eden Radford
External Comms Lead
What is the lipstick effect?
Do you know that lipstick sales are considered a way to know if we’re in a recession? It’s called the lipstick effect, or the lipstick index, and it’s regarded by some as a helpful way to understand how consumers are responding to an economic downturn.
Bank Accounts
25 Mar, 2024
4 min read
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
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
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
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
Laine Gordon
Money Editor
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
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
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
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
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
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
Trending articles
Laine Gordon
Money Editor
16 Oct, 2024
Banks close hundreds of branches and ATMs last financial year: APRA
Eden Radford
External Comms Lead
25 Mar, 2024
What is the lipstick effect?
Mark Bristow
Personal Finance Editor
24 Nov, 2023
Australian banks unite to stop scammers – how you can protect yourself
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