Australian ING customers heading abroad will notice a change in the amount of money they get back in overseas fee refunds, as the bank scraps its international ATM operator fee rebates. ING announced earlier this year it would no longer be offering up to five rebates a month of international ATM operator fees from August … Read more
One of Australia’s biggest banks has increased its fixed rates for borrowers for the second time in just over a week. NAB on Friday announced it would increase the fixed rates for owner-occupiers and investors by up to 0.20 per cent. Those increases follow similar hikes last Friday, resulting in some rates increasing by up … Read more
A Sydney man says a surprise plan to take his parents overseas has been dashed after he was duped out of $50,000 in a cruel scam. HSBC Australia customer Gerald Chin told 7NEWS.com.au his nightmare started when he received what he thought was an innocuous text from his bank asking him to call them on … Read more
Westpac customers will have more bank branches available for cash transactions as part of a new plan to support customer accessibility. The company said customers can visit any Westpac, St George, BankSA or Bank of Melbourne branch across Australia for their cash transactions, with new technology now connecting the branch network. “This completes a major … Read more
A technical issue locked ANZ customers out of their accounts for several hours, with the bank scrambling to address the nationwide outage and get services back online. A spokesperson for the bank confirmed the issue on Friday afternoon, saying it was affecting the ANZ app, online banking, credit and debit card transactions, as well as … Read more
Commonwealth Bank is cutting almost 200 jobs across three Australian capital cities, blaming a downturn in retail banking, a union representing workers said. The Financial Sector Union said, following talks with Commonwealth Bank Australia, 192 jobs would be cut from Sydney, Melbourne and Perth in sectors including consumer finance, everyday banking, home buying operations and … Read more
With their offices traditionally situated in the city’s Central district and neighbouring Admiralty, finance workers can usually be seen congregating at the IFC Rooftop Garden or SoHo on weekday late afternoons, enjoying a pint or two with their affiliates. Goodbye, Hong Kong: celebrity hairstylist Kim Robinson closes up shop For outsiders, it can be a … Read more
Tracey was at home cooking dinner one night when she heard a 7NEWS segment about junk insurance. Months later, she would receive a $90,000 refund she had no idea she was owed. “When I heard the segment I went ‘oh my goodness’ and quickly wrote all the information down,” she told 7NEWS.com.au. For more Personal … Read more
Despite the Reserve Bank hitting pause on its rate tightening cycle, the Australian share market sank on Tuesday, dragged lower by energy and mining stocks. The RBA held rates steady at 4.35 per cent at its last board meeting for 2023, a move that was widely anticipated by economists and markets alike. Westpac chief economist … Read more
There is more financial pain on the cards for Australian borrowers, with all four of Australia’s big banks announcing they would lift mortgage rates following the Reserve Bank’s Melbourne Cup day hike. The Reserve Bank delivered a 25 basis point increase to the official cash rate on Tuesday. WATCH THE VIDEO ABOVE: After four months … Read more
