National Australia Bank (NAB) will cut monthly service fees and transaction fees for its retirement account customers from May 1. NAB said the move would encourage customers to move to flat fee transaction accounts as well as assist low-income earners and retirees. NAB said their customer research had found that customers preferred a flat fee based account to fee rebates and are more satisfied when they know how those fees and charges work.
ANZ is stepping up its rollout of ATMs, finding that it is a useful way to get new customers. Currently the bank has 2,000 ATMs in Australia and plans to open a new one every day this year.............Details
Member's Equity Bank plans to increase its customer base over the next decade, after a surge in home lending and deposits helped push it into profit last year............Details
The 4 major banks as well as some 'second tier' banks such as HSBC and Bendigo Bank are offering two-factor authentication for their internet banking services however this is sometimes restricted to heavy or business users.............Details
Research released by MWE Consulting indicates that ATM's hold 93 per cent of cash distribution of debit-card transactions over Eftpos cash out options.............Details
