Pay with your watch: Westpac pioneer PayWear
Forgot your wallet? And your phone? Nevermind, Westpac customers can now make contactless payments via their watch, wristband or fitness tracker thanks to some nifty new tech.
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Fintech fans can now invest in Australia’s first neobank
Ever wanted to own your own slice of a lucrative Aussie banking business? Well here is your chance. In a bid to become Australia’s first ever neobank, Xinja have launched a round of retail crowdfunding which will allow the everyday Aussie to become a groundfloor investor for as little as $1000.
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Aussies losing $200 million in unused gift cards prompts law change
Picture this: you’ve finally decided to do an overdue wallet cleanout - there’s a few maccas receipts, business cards from places you don’t recognise, scatterings of 5 cent pieces, which would be better off in your bank account, and an expired gift card to your favourite store.
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Westpac is trying to win back your trust by slashing bank account fees
Westpac customers, rejoice! The big four bank has announced plans to scrap the transaction limits on your personal bank account, slash your account keeping fees and have hinted at a potential partnership with digital payments platform, Apple Pay.
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Forget your BSB, banking by phone number will be the new norm
The nervous wait between transferring your money to a mate and them actually getting it will soon be a thing of the past for Aussie banking consumers thanks to the imminent arrival of instant funds transfers early next year.
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You can now talk to NAB without making a phone call
NAB customers with a nerdy streak will relish the news that you can now make general enquiries across a range of banking products via its recently launched ‘Talk to NAB’ app.
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Beat bank fees with these fee-free banking deals
The big banks (and some smaller ones) may have recently made ATM fees a thing of the past for Aussie spenders, but don't be too quick to celebrate. We're still shelling out hundreds in bank fees every year - in fact, the average Aussie household paid $477 in bank fees last year according to the RBA.
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Big four move means a farewell to fees at 10,000 Australian ATMs
A weekend blitz from the big four banks may have just opened up the way Australians bank, with the Commonwealth Bank, ANZ, Westpac and NAB all announcing that they will cease charging $2 ATM fees for withdrawals from customers of rival banks.
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Are ‘metro men’ the new leaders when it comes to vanity?
A recent Mozo lifestyle habits survey has found that beauty does come at a price - $32.9 billion a year to be exact. And it is one of our fastest growing areas of spending, up 49% on last year.
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Banking consumers, your life is about to get a whole lot easier
The sometimes laborious process of going to your financial ombudsman when you’ve been shortchanged by your financial provider is set to be replaced by a one-stop complaints shop for Aussie banking consumers.
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