| Sports Betting Online |
Depositors face new ATM fees
24 February 2009 |
| |
| At present a typical consumer faces the chance that 75 per cent or more of ATMs they might want to use belongs to someone else, and generates extra fees. From March the chance of striking the wrong machine will decline for those drawn within the Westpac, Cashcard and rediATM networks. The basic, wrong-bank ATM fee will, for now, stay at $2. The owner of the machine and not the card issuer will collect this fee.Many banks look like maintaining a second, wrong-bank fee. NAB set the pricing at 50 cents, a decision that goes against the thinking behind the reform. Westpac and ANZ followed, though Commonwealth has said it won't charge this fee.On Friday the governor of the Reserve Bank of Australia, Glenn Stevens, told a parliamentary committee that the cost of switching and reconciling a transaction on the part of a bank was "at most 10 cents". Stevens said the RBA estimated the average unit cost of an ATM transaction was around 75 cents.So ATM fees look like going up under convenience fees, and the margin to ATM owners looks like being in excess of 100 per cent, at least at the start. |
| |
| Source : The Sheet |
| |
|
|
|
| |
| 27 February 2009 | - Rich retirees to pay for pension boost |
| | - Finance company to pay fine |
| | - Credit crisis to hit mainstream personal customers |
| | - Commissioned financial advice rip off |
| | - CBA targets first home buyers online |
| |
| 26 February 2009 | - Tax Office says no BAS required from fire, flood a |
| | - St. George cuts fixed rate loans |
| | - RHG milks profits with high rates |
| | - Mortgage Choice says housing will bounce |
| | - Building societies deny negative outlook |
| | - Bankwest customers get CBA ATMs |
| | - ANZ profit down, bad debts up |
| | - Age pension up but mums miss out |
| |
| 25 February 2009 | - Unclear definition on what constitutes a recession |
| | - Pokies are a bad investment |
| | - PayPal told to freeze fees |
| | - Investors lose faith in advice, markets, life |
| | - Grants provide glimmer of hope for home buyers |
| | - CBA rides to rescue of (some) Wizard customers |
| | - $75K for fire victims from banks, charity, govt |
| |
| 24 February 2009 | - Housing market set for a gloomy year |
| | - No more big rate cuts |
| | - CBA factors in future rate rises |
| | - ANZ offers share fund to online savers |
| | - Suncorp to say no to breakup plan |
| | - St George still favourite bank for business |
| | - Fixed rate loans offer value to investors |
| | - ATM fee free networks emerge |
| | - ANZ wants to lend more to small business |
| |
| 23 February 2009 | - Crackdown on small ASX listed companies |
| | - Smart investing creates wealth for average workers |
| | - Households look to get debt under control |
| | - Credit card holders pay down debt |
| | - CBA, NAB, ANZ tighten up on first home buyers |
| | - CBA, Citi grant fee relief to ATM customers |
| | - Sydney, Melbourne auctions still sick |
| | - Shortfall on business lending rates |
| | - Ruddbank wonÂt save bad business |
| | - Perth suburb is richest in Australia |
| | - Adelaide, Brisbane auctions on life support |
| |
| 20 February 2009 | - Wizard borrowers miss out on rate cuts |
| | - Small business waits for government cash |
| | - RediATM network set for expansion |
| | - Package up for a five per cent mortgage |
| | - Deposits up 70 per cent at AMP |
| | - Depositors to pay $200 million more for ATM access |
| | - Centrelink hoax email scam warning |
| | - Aussie banks rake in profits |
| |
| 19 February 2009 | - Tax office says pay the builder now |
| | - Online account rewards savers with gifts |
| | - More borrowers getting into trouble says Westpac |
| | - Macquarie investors revolt |
| | - Investors win super concessions |
| | - Deposits and margins up at Westpac |
| | - Consumer lender tightens up loan criteria |
| | - Card holders like mobile phone payments |
| |
| 16 February 2009 | - Smart borrowers can save $130,000 |
| | - Community banks lose community money |
| | - Bushfire cash starting to flow |
| | - Aussie targets cards and loans |
| | - $5 ATM fees coming |
| |
| 13 February 2009 | - Stimulus now, tax hikes later |
| | - Small debts cripple the unemployed |
| | - Rate cuts fund NAB's californian weekend |
| | - No interest charges for fire victims |
| | - CBA, Westpac seen as less risky than ANZ, NAB |
| | - Big credit union passes on rate cut |
| | - Banks, Credit Unions grab mortgage market share |
| |
| 12 February 2009 | - Margin lending declines at Commonwealth |
| | - High rents luring investors back |
| | - Floods, fires create fruit and vegie shortage |
| | - Depositors seek safety in majors |
| | - Commonwealth open for home loan business |
| | - CBA needs to keep future rate cuts |
| | - Car loan fraudsters frozen |
| |
| 11 February 2009 | - ME Bank bucks the trend of rate cuts |
| | - Small business rates coming down. |
| | - No receipt needed for small donations |
| | - Fire donations soar and attract fraudsters |
| | - Commercial borrowers pay more, wait longer |
| | - BankWest boosting Commbank |
| |
| 04 February 2009 | - Westpac, ANZ pass on full rate cut |
| | - RBA, government plough $6,000 into families |
| | - Depositors struggle to get five per cent |
| | - WA gets big housing boost |
| | - More rate cuts on the way |
| | - Equity release alternative to reverse mortgage |
| |
| 03 February 2009 | - Westpac commits to 100 basis point cut |
| | - Home Loan Rate Update |
| | - Rate cuts to keep on coming |
| | - Property sales and prices slump |
| | - CBA has $2.5 billion in bad debts |
| | - BoQ increases card interest free periods |
| | - Aussie banks benefit from financial crisis |
| | - Another car lender crashes |
| | - RBA Cuts Rates By 1 Percent |
| |
| 02 February 2009 | - Virgin not going anywhere |
| | - Total lending falls for first time since 92 |
| | - RBA may cut by 1.5 per cent |
| | - Deposits way up at ME, Investec, MacBank |
| | - Deposits boom at bank of Queensland |
| | - CBA, ANZ toughest on business rate cuts |
| |
|
|
| |
