Bank Accounts News
The latest bank accounts news and tips
Alex Ritchie
Personal Finance Editor
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.
Bank Accounts
04 Jun, 2018
3 min read
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
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
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
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
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
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
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
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
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
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
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
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