Can I get Coronavirus COVID-19 from cash? Dr Andrew Stewardson from Monash University said it is possible that infected people could pass on coronavirus through [...]
“Brutal” share market crash sweeps the globe Share markets in the USA and Europe crashed overnight in the biggest global share sell-off since the Black [...]
Big increase in customers for ING ING is celebrating more than 20 years in Australia by announcing a big increase in customer numbers over the [...]
Xinja Bank STOPS accepting NEW CUSTOMERS The Xinja Bank Stash account is, from today, closed to new customers. Eric Wilson, the neobank’s CEO, announced yesterday [...]
Which banks have cut home loan interest rates? The Reserve Bank cut interest rates on 3 March by 0.25 percentage points to 0.50%. All four [...]
Editor’s Pick: Best Car Loan for March 2020. The best car loans feature low comparison rates as well as reasonable fees and rules. “Really low [...]
Commonwealth Bank will pay your mortgage if your spouse dies Commonwealth Bank is Australia’s biggest home loan provider. Commonwealth Bank yesterday announced a new complimentary [...]
Lady Gaga puts a ring on it for Klarna Lady Gaga is promoting female empowerment, with the support of payment app Klarna and fashion activist [...]
Millennials choose: Smashed Avo vs first home deposit Young Australians have been accused in the media of choosing to eat expensive meals at coffee shops [...]
One in Four Aussies choose Commonwealth Bank Commonwealth Bank is attracting more new customers in home loans and basic banking products. Commonwealth Bank grew its [...]
ANZ cuts floor home loan rate ANZ Bank has decreases its home loan serviceability assessment floor rate from 5.5 per cent to 5.25 per cent. [...]
It’s official – there is a bank loyalty tax Older variable rate mortgages typically have higher interest rates than new loans, even when borrowers of [...]
BP dumps Velocity for Qantas Frequent Flyer People who use BP service stations for fuel and in-store purchases to earn Velocity Frequent Flyer points may [...]
REVEALED: Fire insurance loopholes Consumer lobby group CHOICE has analysed the definitions of fire in 26 major insurer home and contents policies and found ‘loopholes’ [...]
Westpac shareholders launch class action A class action claim has been lodged in the United States District Court on behalf of Westpac shareholders who bought [...]
February’s lowest home loan rates on InfoChoice The lowest home loan rates in Australia are now under 2.50 percent pa with Bank Australia now offering [...]
InfoChoice’s new lowest home loan rate* - 2.44% pa More lenders have followed Westpac in slashing home loan rates over the last week. The lowest [...]
More borrowers are comparing and leaving the big four The proportion of the home loan market controlled by the big four Australian banks, Commbank, Westpac, [...]
Market leaders slash home loan rates to 2.44% pa Two lenders have followed Westpac in slashing home loan rates this week. Westpac now has fixed [...]
Small lenders join Commbank and NAB in FHLDS Commonwealth bank and National Australia Bank are said to be experiencing very strong demand from potential first [...]
Westpac slashes investor home loan rates Australia’s favourite lender for landlords, Westpac, has slashed fixed interest rates from yesterday, 22 January, by up to 0.50 [...]
How much are credit card and Eftpos fees? When you pay with a credit or debit card in-store the merchant may add a card surcharge [...]
ANZ gives $1 million to bushfire victims ANZ Bank have announced a range of support measures including a financial assistance package for communities affected by bushfires. [...]
NAB gives cash to bushfire victims and businesses National Australia Bank is spending $5 million on immediate relief to business and agriculture customers affected by [...]
Westpac pays the mortgage for bushfire victims Westpac Group (including Bank of Melbourne, St George Bank, BankSA and RAMS) has announced more support for customers [...]
A bank buys Warney’s cap! Australia's all-time leading Test cricket wicket-taker and Victoria’s legendary bowler, Shane Warne, has auctioned his iconic Australian baggy green cap [...]
Fake tradies prey on bushfire victims The corporate watchdog, the Australian Securities and Investments Commission (ASIC) is warning consumers and business owners to watch out [...]
Is climate change impacting your property value? The number of major natural disasters in Australia has jumped up by 50% over the ten years. “The [...]
First Home Loan Deposit Scheme slammed by experts The federal government’s First Home Loan Deposit Scheme does not address the causes of high home prices [...]
*Disclaimer: Citi credit card product names have changed effective 20 Jan 2020 as following: Citi Clear Platinum is now Citi Clear; Citi Rewards Platinum is now Citi [...]
Banks must provide NO-FEE bank accounts The Australian Banking Association’s updated Banking Code of Practice has been approved by ASIC and will commence 1 March [...]
A new Chinese bank opening in Australia Australia’s newest digital bank, IN1Bank, is preparing to take on HSBC and the Bank of China and appeal [...]
Banks consider credit card gambling ban The Australian Bankers Association is proposing new restrictions on the use of credit cards for gambling. The ABA set [...]
Citibank raises rates on homeloans Citibank is facing a backlash from politicians and consumer groups after raising rates on homeloans. Citi is the first bank [...]
Opal card loophole costs NSW govt millions A common Opal card legal ‘scam’ is costing the NSW government millions each year as commuters rack up [...]
Home prices surge higher in November National property prices rose strongly in November according to CoreLogic’s Home Value Index. The Index jumped up 1.7 per cent [...]
Business lending is in the doldrums The latest Reserve Bank data shows a fall in the value of lenders’ business loan portfolios for the first [...]
RBA hoses down money printing talk Australia does not yet require a radical departure from conventional monetary policy into quantitative easing (QE) or ‘money printing’ [...]
Christmas shopping scams booming in 2019 Already, before the end of November, more money has been lost online to shopping related scams in 2019 ( [...]
Westpac share price crashes Westpac shares have crashed in two days of trading last week and may still fall further when markets open this week. [...]
Scott Morrison tells Westpac to clean up The prime minister Scott Morrison has told the Westpac board to consider the future of chief executive Brian [...]
NAB to pay $50M in compo to customers National Australia Bank has agreed to pay $49.5 million to settle a class action lawsuit over Consumer [...]
Aussies set to trim spending this Christmas New research from St.George Bank suggests Aussie households are tightening their belts this Christmas with 43% of Aussies [...]
Banks offer help to bushfire victims Wild deadly bushfires are still out of control across much of northern NSW and Queensland. New South Wales and [...]
594,000 Aussies cut up their credit cards Almost one million Australians ditched their credit card in the 12 months to September, the Reserve Bank reported [...]
Judo Bank faces heavyweight fight for name A legal battle over the name Judo has erupted with business lender and term deposit provider Judo Bank [...]
More than 100 variable home loans under 3.5% There are now many more than 100 variable home loan products with comparison rates under 3.5 per [...]
More Aussies are looking into a new mortgage … The number of Australians making enquiries about applying for a new mortgage has increased for the [...]
Active borrowers get rewarded with bigger rate cuts Borrowers have given themselves an extra 0.05 percentage points in home loan rate cuts by comparing rates [...]
*Disclaimer: Citi credit card product names have changed effective 20 Jan 2020 as following: Citi Clear Platinum is now Citi Clear; Citi Rewards Platinum is now Citi [...]
Neobank 86 400 opens with $10 cashback 86 400 is a neobank, a completely online bank based on a mobile phone app. 86 400 is [...]
First Home Buyer Deposit Scheme caps announced The Morrison government’s First Home Buyer Deposit Scheme will start on 1 January 2020. The scheme will guarantee [...]
Pension Loans Scheme rates under review Treasurer Josh Frydenberg has announced a review of the interest rates charged by Centrelink’s Pension Loans Scheme. The current [...]
PayPal credit card coming soon Citi Australia has announced it will develop credit products for PayPal, the online payments and wallet company that claims eight [...]
Bank branches are disappearing – fast Almost 10 per cent of bank branches have closed over the last two years. 16 per cent of ATMs [...]
Afterpay threatened by surcharges Shoppers using Afterpay, Zip, Openpay or other Buy Now, Pay Later schemes could be forced to pay a merchant surcharge to [...]
“This is terrible,” Commbank tells customers Commonwealth Bank says almost all missed payments resulting from a computer system outage last Thursday will be completed and [...]
Payday lenders turn $600 into $3K debt Loan sharks and payday lenders selling expensive small loans to vulnerable consumers often reliant on welfare and Centrelink [...]
Which Sydney suburb has the highest rental yield? The average rental yield in the greater Sydney area is 2.8 per cent for houses and 3.7 [...]
Is Facebook Libra falling apart? eBay, Visa, Mastercard and Stripe have joined PayPal in exiting the Facebook Libra coalition. There are now just two payments [...]
CommBank cuts fixed rates under 3% From today, Commonwealth Bank’s advertised 2 and 3 year (OO, P&I) fixed rates in the “Wealth Package” have been [...]
ANZ to pay more compo to customers ANZ Bank will pay remediation costs of $559 million to customers who have been charged fees wrongly on [...]
More lenders cut home loan rates More lenders are announcing rate cuts following the RBA’s October rate cut of 0.25 percentage points on Tuesday. P&N [...]
Government tells borrowers – vote with your feet The treasurer Josh Frydenberg has again slammed banks for not passing on the full amount of the [...]
Scott Morrison says banks are ‘profiteering’ The Prime Minister Scott Morrison has slammed the big four banks for not passing on the RBA’s October rate [...]
Owner occupier rule change hits 100,000 borrowers Around 100,000 Australian home loan borrowers could be hit with interest rate increases on owner occupier mortgages after [...]
Sydney property prices are rising – at last After two years of falling home values, Sydney house prices are now rising again as buyer activity [...]
Sydney no longer Australia’s most expensive housing market Sydney has lost its title as Australia’s most expensive city for homes to Byron Bay, population 30,000. [...]
Big banks cut savings rates ANZ Bank has cut savings account interest rates by 0.10 per cent. Westpac announced a cut of 0.10 per cent [...]
New monthly premium LMI launched Big lenders mortgage insurance provider Genworth announced the launch of a new LMI product not requiring the premium to be [...]
What is a ‘community bank?’ Bendigo and Adelaide Bank has lost its exclusive right to brand itself as a community bank following a ruling in [...]
Morrison government moves to limit cash The Morrison government has introduced a new bill to parliament to ban business cash transactions of $10,000 or more. [...]
Borrowers switching to Principal & Interest Home loan borrowers are ditching interest-only loans as they look to reduce mortgage debt in the current low rate [...]
First Home Buyer Loan Deposit Scheme is coming soon The First Home Loan Deposit Scheme legislation will be introduced to parliament today to enable the [...]
CURRENCY CONVERSION RIP-OFF Big banks under sustained fire from regulators The big four banks and AMP Bank face 86 royal commission related investigations plus 59 [...]
ASIC appeals “Wagyu and Shiraz” ruling The corporate watchdog, the Australian Securities and Investments Commission, has lodged an appeal against a Federal Court decision in [...]
A new Aussie bank opens its (mobile) doors Sydney-based Xinja Bank has begun marketing transaction accounts to customers after securing a full banking licence from [...]
Westpac takes axe to home loan rates Westpac has entered the home loan rate cutting war by announcing some extraordinary low rates for first home [...]
Points rewards schemes are hard to understand 90 per cent of Australian consumers are members of at least one loyalty scheme. The average Aussie has [...]
*Disclaimer: Citi credit card product names have changed effective 20 Jan 2020 as following: Citi Clear Platinum is now Citi Clear; Citi Rewards Platinum is now Citi [...]
Sydney and Melbourne lead home price turnaround Average home prices in Australian capital cities rose during August, for the first time since August 2017, according [...]
New Aussie bank taking deposits from tomorrow Australia’s newest business bank, Judo Bank, is opening for deposits with a line of competitively priced term products [...]
Borrowers are not finding the cheapest home loans “We believe that some consumers are likely taking out loans when cheaper alternatives exist,” said the latest [...]
Older Aussies still repaying the mortgage Average mortgage debt among older Australians, over 55 years, has soared from $27,000 to more than $185,000, according to [...]
Car loan rates crash to under 5% Peer-to-peer lender RateSetter has dropped its car loan interest rates. RateSetter’s new advertised rates start from 4.69 per [...]
New bank 86 400 is now up and running Neo bank 86 400 is offering services to the public just five weeks after securing a [...]
MyState expands out of heartland MyState is now selling more loans and financial products outside of Tasmania than within its home state. MyState now offers [...]
Not everyone likes the new Commbank app The Commonwealth Bank’s new app, CommBank app 4.0 is being hailed as a transformative step on the road [...]
PayID hacked and customer data leaked An unnamed credit union has suffered a security breach and has lost “a number of PayID records and associated [...]
RBA demands banks deliver real-time payments The Reserve Bank has issued a firm warning to the big banks that they will face huge fines unless [...]
Citi credit cards get a Buy Now Pay Later option Citi Australia cardholders will get the option of paying for goods from big online retailer [...]
New Westpac loan rules in effect tomorrow Westpac has announced new loan rules that come into effect tomorrow for all new Westpac, St George, Bank [...]
One debt collector is the king of bankruptcy The Financial Counsellors association, the Consumer Action Law Centre and the Financial Rights Legal Centre are all [...]
Aussie John wants his home loans back “Aussie” John Symond, the founder of non-bank lender Aussie Home Loans has suggested he wants to buy back [...]