Published on May 24, 2010 by Technology Slice
Banks Making A Killing On Penalty Fees – Banks have been making huge profit margins of up to 14,000 per cent on controversial exception fees levied on a variety of basic transactions. Confidential data from two banks, obtained by Your Money, has revealed the true cost to the banks when customers are overdrawn or exceed [...]
Tags: banks, Confidential Data, Lawyers, Maurice Blackburn, Money, Penalty Fees, Profit Margins, Profits, Six Years, Slade, Variety
Posted in Money
Published on May 16, 2010 by Technology Slice
NAB Refunding Fees – National Australia Bank says a mass of customer refunds for late fees has nothing to do with the threat of a $5 billion class action. The potential class action against 12 banks would seek to claw back billions for customers in ”exception fees”, including for late credit card payments or overdrawn [...]
Tags: banks, Billions, Credit Card Payments, game, Knee Jerk Reaction, Late Fees, Lisa Gray, Maurice Blackburn, nab, National Australia Bank, National Bank, Personal Banking
Posted in General
Published on May 15, 2010 by Technology Slice
The firm handling a & #36;5b class action over claims of unfair bank fees says moves by NAB to refund millions in late penalties shows a change in their behaviour.
Tags: 5b, Amp, Bank Fees, banks, nab, wheel
Posted in Money
Published on May 15, 2010 by Technology Slice
The National Australia Bank has denied it started refunding some fees to customers after news of a proposed class action against the banks.
Tags: banks, nab, National Australia Bank, Repayments
Posted in Money
Published on April 27, 2010 by Technology Slice
Aussies Switching To Debit Cards – Australians’ love affair with credit cards is waning as people switch to using cash and debit cards. Reserve Bank of Australia statistics show credit card use has dropped almost 17 per cent in the past five years and now accounts for just under 42 per cent of all card [...]
Tags: 12 Months, Accessibility, australians, Bank Of Australia, banks, Best Of Both Worlds, Card Transactions, Cards Love, Cash Cards, Consumers, Credit Card, Credit Cards, Credit Unions, Debit Card, Debit Cards, Love Affair, People, Reserve Bank Of Australia, Senior Analyst, Statistics Show
Posted in Money
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