Bank account customers to share in $5M refund
ANZ will refund $5 million in total to approximately 25,000 Access Basic bank account customers after failing to apply correct late payment and over limit fees. The 25,000 customers eligible for the refund also have an ANZ credit card or ANZ Everyday Visa Debit Card. ANZ Bank will also pay an additional amount of interest.
Some customers will get refunds including a component to cover the overpayment of credit card insurance premiums.