For a long time, one of the common gripes abut Australian Banks has been the monthly fees charged by many of them just for having an account.
However, not all the banks have actually charged this, and most of them have an option to have a fee free account for … Read the rest
National Australia Bank
NAB annual net profit
2008/09 $2.59 billion
2007/08 $4.54 billion
NAB’s bad debt results
2008/09 $3.81 billion
2007/08 $2.49 billion
With NAB’s bad debt charge now running at 0.87 per cent of average loans, the bank is sitting on some of the highest losses among its rivals … Read the rest
Many banks in Australia charge a monthly fee on personal bank accounts, but not all of them do.
Not only that, but the ones that do can also offer Fee Free Banking if you ask them.
Some of the major Australian banks are now removing charges from … Read the rest
Cancelling a Direct Debit at an Australian Bank.
Cancelling a Direct Debit that you have previously set up, sometimes proves to be a bit harder than you might expect, and the procedure may depend on what type of account the debit is being paid from.
These two headings are referred … Read the rest
After years of complaints about high bank charges in Australia, things may be about to be changing in the big banks, the main culprits of high bank charges.
Westpac Bank for example, is excited to say:
We’re excited about this!
Starting this October, we’re reducing lots of our exception fees … Read the rest