An alliance of regional banks and mutual funds has trashed an industry plan to use multi-bank hubs to salvage face-to-face banking in the bush, saying it will fail customers.
Australian Banking Association
Posted inMoney, National News
Banks told to move eligible customers to cheaper accounts
Banks will have to start chasing down customers stuck on higher-fee accounts, after the ACCC found 150,000 low-income Australians were missing out on cheaper options.