What does AfterPay really Cost?
AfterPay make their money from two aspects of every sale.
AfterPay income from the Seller.
It’s been reported that Afterpay charges retailers a $0.30 fixed transaction fee plus a commission between 3% and 7% on each sale.
AfterPay Income Sources
In 2019, retailers paid $179.6 … Read the rest
“I’ve just received this text message. Please advise if this is a scam. Urgent. Thank you.”
The above is a common reaction by some people who receive an email or text message regarding their bank account, or similar.
They often ask the question on public media, hoping for an answer.… Read the rest
ThevCommonwealth Bank has just increased its lowest 4 year fixed interest rate from 1.99% to 2.19% per year.
Commonwealth Bank fixed home loan interest rates.
1 year fixed rate 2.09%.
2 year fixed rate 1.94%.
3 year fixed rate 2.14%.
4 year fixed rate 2.19%.
5 Year Fixed Rate 2.99%.… Read the rest
The Customer Owned Bank Australia.
Bank Australia was created in 2015, although the business actually began in 1957 as the CSIRO Co-operative Credit Society.
It became a bank after joining with 72 credit unions and other co-operatives to become Australia’s first customer-owned bank, eventually under the name ‘Bank Australia’.
Being … Read the rest
Coles have three options for their MasterCard offering.
From $0 Annual Fee up to $99 Annual Fee.
All allow you to earn Flybuy points to use at Coles Supermarkets, or even swap for other points such as “Virgin Australia Velocity” Points. The current rate for this is 2,000 Flybuys points … Read the rest
Australian Bank Contact Numbers.
Sometimes we need to make a complaint about a bank service, but how?
The Complaint line numbers for the main Four Australian banks are:
- ANZ: 1800 805 154
- CBA: 1800 805 605
- NAB: 13 22 65
- Westpac: 132 032
More complaint line numbers at thecomplaintpoint-au.com
Australian Bank Savings Account: Interest Rates 2019.
Do you get paid Interest on the money that you have saved in your Australian bank account?
Have you noticed how much the interest rate has dropped in the year, and how the changes tied in with the Reserve Bank of Australia [RBA] … Read the rest
Australian Home Loan Interest Rates in October 2019.
The RBA reduced the Reserve Bank Cash Rate down to 0.75% at the beginning of October 2019.
Most banks have indicated they will bring their rates down, but not all will drop by the full 0.25%.
NAB Variable rates from 11 October
… Read the rest
What happens to Money in an Unused Bank Account.
Bank, Credit Union and Building Society Accounts that have not been used in 7 years, and contain a balance of $500 or more, have to be reported, and transferred, to ASIC, who hold this money until it is claimed by the … Read the rest
Can a Temporary Visa Holder get a Credit Card in Australia?.
Many new arrivals in Australia have mentioned the inability to get a Credit Card or Bank Account in Australia while on a Temporary Visa.
I have mentioned before about the ability to get a fully operating Bank Account, at … Read the rest