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Bank Accounts News

The latest bank accounts news and tips

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
Mark Bristow

Personal Finance Editor

App-using bank customers more likely to share the love

Do you mostly do your banking on an app? If you do, you may be more likely to be satisfied with your bank, and more likely to recommend their services to a friend, according to a new study.

Bank Accounts

03 Mar, 2018

2 min read

App-using bank customers more likely to share the love
Nick Bendel

Property & Personal Finance Writer

Australia's $50 note gets a makeover

The Reserve Bank has today revealed the design of the new $50 banknote, which will be released into general circulation in October 2018.

Bank Accounts

15 Feb, 2018

2 min read

Australia's $50 note gets a makeover
Alex Ritchie

Personal Finance Editor

Can't buy me love; Aussies spend $23 million on Valentine's Day

Last Valentine’s Day, Aussies spent over $23 million dollars on romance, with millennials putting other generations to shame with how much they’re willing to spend on love.

Bank Accounts

13 Feb, 2018

3 min read

Can't buy me love; Aussies spend $23 million on Valentine's Day
Georgie Hay

NPP is a game-changer if all banks step up to the plate

Banking comparison site RateCity has welcomed the introduction of the of the New Payments Platform (NPP) which will be rolled out from today, but warns it may take some time before the system delivers on its promises.

Bank Accounts

13 Feb, 2018

3 min read

NPP is a game-changer if all banks step up to the plate
Alex Ritchie

Personal Finance Editor

Australians losing millions to romance scams

ANZ has released a warning to watch out for deception this Valentine’s Day, as Australians are losing millions of dollars to romance scams, with men and Aussies over 55 most likely to be the targets.

Bank Accounts

12 Feb, 2018

3 min read

Australians losing millions to romance scams
Mark Bristow

Personal Finance Editor

Counting the cost of overseas fees in 2017

Australian travellers lost $442 million in overseas bank fees and charge over 2017, according to new research from ING. At the individual level, this breaks down to paying $155 per person, per trip, for the convenience of accessing their finances internationally.

Bank Accounts

09 Feb, 2018

2 min read

Counting the cost of overseas fees in 2017
Mark Bristow

Personal Finance Editor

Rising costs affecting vulnerable households

Pensioners and other recipients of government benefits have been the most affected by rising prices for goods and services, according to the latest figures from the Australian Bureau of Statistics (ABS).

Bank Accounts

07 Feb, 2018

3 min read

Rising costs affecting vulnerable households
Alex Ritchie

Personal Finance Editor

What you need to know about the New Payments Platform

Gone are the days of waiting for payments to reach your account. The New Payments Platform is set to transform the way Australians spend money.

Bank Accounts

07 Feb, 2018

6 min read

What you need to know about the New Payments Platform
Alex Ritchie

Personal Finance Editor

CBA, ANZ, NAB, Westpac and AMP have "conflicts of interest" when giving advice: ASIC

Can you trust your bank to give you the most unbiased financial advice? ASIC isn’t so sure.

Bank Accounts

25 Jan, 2018

2 min read

CBA, ANZ, NAB, Westpac and AMP have "conflicts of interest" when giving advice: ASIC
Nick Bendel

Property & Personal Finance Writer

Big banks unveil app, chatbot

Westpac and Commonwealth Bank have launched digital technologies to make it easier for customers to make payments and do everyday banking tasks.

Bank Accounts

22 Jan, 2018

2 min read

Big banks unveil app, chatbot
Alex Ritchie

Personal Finance Editor

"Hey Alexa, how much do I owe on my credit card?"

Bank customers will now be able to access their personal finances, transaction details and rewards history through Alexa – Amazon's voice controlled virtual assistant.

Bank Accounts

18 Jan, 2018

3 min read

"Hey Alexa, how much do I owe on my credit card?"