How much can I borrow?

How much you can borrow, on either a home loan or a personal loan, depends on: Your total household income,Total household expenses, The value of [...]

POSTED ON November 18, 2019
Transaction account applications go online

A growing number of bank customers are applying for transaction accounts online rather than in branches, according to RFi. The researcher said almost one in [...]

POSTED ON June 3, 2014
First Home Saver Accounts abolished

The Australian government is abolishing the first home saver account scheme, citing lower than forecast take-up rates. New accounts opened from Budget night will not [...]

POSTED ON May 14, 2014
ING Direct promises better services

ING Direct's wants to become the primary bank for more of its customers. For most of its history in Australia the bank has relied on [...]

POSTED ON May 13, 2014
How much would a rate rise cost me?

Interest rates could rise before the end of 2014 according to some economists. If the RBA’s official cash rate rises by 1 percentage point to [...]

POSTED ON May 8, 2014
CommBank announces cardless ATM withdrawals

Commonwealth Bank customers will be able to withdraw cash from an ATM using the CommBank app on their smart phone rather than a transaction card. [...]

POSTED ON May 1, 2014
How Aussies became savers

Australia's household savings ratio fell from around 20 per cent of disposable income in the early 1970s to around zero by the early 2000s according [...]

POSTED ON April 17, 2014
Young people like saving and renting

Many young Aussies are not interested in buying property and burdening themselves with a home loan. They are renting and building up their savings by [...]

POSTED ON March 20, 2014
Aussies love their credit cards again

Australians are back to using and collecting debt on their credit cards. We have $49 billion collectively on credit cards and that figure is expected [...]

POSTED ON March 19, 2014
Can you repay your loan if rates rise 2%?

With interest rates at record lows in Australia, documents released under Freedom of Information show that the Reserve Bank of Australia is either worried that [...]

POSTED ON March 12, 2014
The big change to borrowing

The change to comprehensive consumer credit reporting, which is likely to be the biggest development in the retail financial services industry this year, started today. [...]

POSTED ON March 12, 2014
How do you pay your bills?

Australians will pay 350 million bills this year using the online bill payment service BPay. BPay is available from the internet banking service of almost [...]

POSTED ON March 7, 2014
Aussies embrace bills in internet banking

BPay released the results of its annual payments survey yesterday, showing that 82 per cent of people now receive bills in electronic form, up from [...]

POSTED ON March 7, 2014
One third of new property investors are young

One third of property investors are buying their first real estate investment before the age of 32. Rising property prices have forced many first-time buyers [...]

POSTED ON February 25, 2014
Aussie credit card rates staying high

The global financial crisis led to falls in interest rates around the world. In the USA, a 4.25 per cent fall in the US cash [...]

POSTED ON February 12, 2014
Savers switching from terms to at-call

Deposits continue to rise fast according to the latest Reserve Bank and Australian Prudential Regulation Authority statistics. CommSec noted that term deposit balances fell in [...]

POSTED ON February 3, 2014
How to choose the right credit card for me

There are many types of credit cards on offer. To choose wisely, consumers need to understand their own financial situation and how they use credit. [...]

POSTED ON January 17, 2014
Pay credit card bills more often

One good tip for managing credit card expenses is to pay your bill twice a month instead of once per month. This is an easy [...]

POSTED ON January 13, 2014
Commonwealth is still our favourite big bank

The major banks' satisfaction scores for personal customers have shown marked improvement over the last 12 months, largely because of interest rate reductions for home [...]

POSTED ON December 18, 2013
ATM fees could be costing you $300/year

Fees of about $2.50 are common for withdrawing cash from your bank account at an ATM not owned by your own bank. Every now and [...]

POSTED ON December 5, 2013
No need to put up with monthly account fees

The latest bank fee survey from the Reserve Bank shows bank fee income earned from households fell from $5.2 billion in 2009 to $4.1 billion [...]

POSTED ON December 5, 2013
Aussies choosing their own bank’s ATMs

Reserve Bank of Australia data shows there were fewer than 26 million transactions at ATMs owned by an operator other than the customer's bank in [...]

POSTED ON November 21, 2013
PayTag could work for all bank accounts

The PayTag stickers that Commonwealth Bank, Coles and bankmecu have offered their customers as a way of turning their smartphones into contactless payment devices could [...]

POSTED ON November 20, 2013
First home buyers like South Australia

First home buyers in South Australia are finding it easier to break into the property market than buyers in other regions according to the Australian [...]

POSTED ON November 18, 2013
Instant bank account transfers coming soon

Banking customers will soon get instant real time payment transfers and say farewell to lengthy delays when completing transfers between institutions. The creation of a [...]

POSTED ON November 15, 2013
First home buyers choosing LMI over savings

Borrowers would rather borrow with low deposits and pay lenders mortgage insurance than save for a larger deposit to avoid the extra expense. “Rising property [...]

POSTED ON November 7, 2013
Beware of Christmas borrow and spend

Dun & Bradstreet has warned of rising financial stress risks in the lead-up to the Christmas holiday period as consumers look to borrow and spend [...]

POSTED ON October 31, 2013
bankmecu accounts get PayTag

bankmecu will offer its customers PayTag, a technology that allows users to make contactless payments from their mobile phones. It is the third organisation in [...]

POSTED ON October 29, 2013
ING survey shows reduction in festive spending

The latest ING Direct - Melbourne Institute Household Saving & Investment Report has found that one in five Australian households will be spending less on [...]

POSTED ON December 12, 2006
New planners need listening skills

A recent study by Deakin University has found that newly qualified financial planners are deficient in listening skills and lack the knowledge to formulate a [...]

POSTED ON December 12, 2006
St George improves staff benefits

St George Bank has announced new benefits for staff to be introduced over the next four months that further promote a sensible work/life balance. The [...]

POSTED ON December 11, 2006
HBOS aims to double staff

One measure of the growth aspirations of HBOS in Australia is that the bank plans to double staff levels in Australia over the next five [...]

POSTED ON December 11, 2006
Online security a customer responsibility

Protect Your Financial Identity is a new website launched yesterday by the Australian Bankers Association, Australian Securities and Investments Commission and the Australian High Tech [...]

POSTED ON December 8, 2006
Credit card issuers ignore cash rate rises

Commonwealth Bank, St George and Citibank are among a dozen credit card issuers that have not changed the interest rates on their low rate credit [...]

POSTED ON December 6, 2006
Prime home loan arrears improve in September

The extent of arrears on home loans improved, even if marginally, during September over August, according to ratings agency Standard & Poor's. In its quarterly [...]

POSTED ON December 4, 2006
Debit cards in demand

ANZ has opened 150,000 accounts in the eight months since launching its Visa debit card, four times more than expected. ANZ customers who choose to [...]

POSTED ON November 29, 2006
Money Facts e.magazine Issue 4 now available

The fourth issue of Infochoice's new online magazine is now available - just for members. 'Money Facts' is full of our latest tips and comparisons [...]

POSTED ON November 27, 2006
Imperial interest rates charged by Cash King

Cash King, a non-conforming lender, has been found to charge effective interest rates of 350 per cent, or more than seven times the interest rate [...]

POSTED ON November 27, 2006
Retention and distribution underpins Aussie profit

Retention strategies, including more systematic customer contact between mortgage advisers and their clients, helped Aussie Home Loans drastically increase its profit in the 2006 financial [...]

POSTED ON November 23, 2006
The maturing of Aussie Home Loans

Aussie Home Loans plans to shift the emphasis of its marketing to reinforce recent steps within the business to increase customer retention and to persuade [...]

POSTED ON November 23, 2006
Mixed data on home loan arrears

The level of home loan delinquencies in Australia eased during the September 2006 quarter according to Fitch Ratings. Fitch's measure of home loan delinquencies relates [...]

POSTED ON November 22, 2006
Maths and banking too hard for high school students

The Australian Financial Literacy Assessment, in a survey of 50,000 secondary students, found that young people lack fundamental numeracy skills and basic financial knowledge. The [...]

POSTED ON November 20, 2006
T3 price set at $3.70

The federal government set the price of Telstra shares sold under the T3 share sale at $3.70 a share for institutional investors, with retail investors [...]

POSTED ON November 20, 2006
Revolvers paying off for banks

Efforts by credit card issuers to promote credit cards at lower rates of interest and aimed at customers who maintain a balance on their credit [...]

POSTED ON November 17, 2006
Money Facts issue 4, now available

The fourth edition of Infochoice's new online magazine has launched - just for members. 'Money Facts' is full of our latest tips and comparisons on [...]

POSTED ON November 16, 2006
Customers still first as credit union grows

The Victoria Teachers Credit Union reported an annual profit of $6.2 million in 2005/6, a 6 per cent rise in membership to more than 75,000 [...]

POSTED ON November 16, 2006
Business borrowers pay less even as rate rise

Competitive forces in the banking market continue to suck away much of the punch of tighter monetary policy and the Reserve Bank of Australia's manipulation [...]

POSTED ON November 14, 2006
Foreign banks hear the ombudsman’s call

Banks are getting better at keeping cases dealt with, or even referred to, the Banking and Financial Services Ombudsman. The 2006 annual report of the [...]

POSTED ON November 14, 2006
Have interest rates peaked?

After the third interest rate rise this year, the big question borrowers are entitled to ask is "Have interest rates peaked yet?" Some timely clues [...]

POSTED ON November 10, 2006