No one gets money for free, but the refund from Commonwealth bank, Westpac bank, ANZ and National Australia Bank might be hitting your bank account soon. Forget EOFY tax return refunds from the tax office, this is sweeter as you don’t have to apply for it, its your money getting refunded without any paperwork needed. If you see this in your commonwealth bank … [Read more...] about Big four banks to dish out refunds into bank accounts before June end
Banks
What the digital banking revolution means for Australian banks
The future of banking is digital, and the Australian financial services industry needs to brace itself for a transformative year ahead.“A digital transformation is inevitable in the Australian marketplace,” says Myles Bertrand, Managing Director APAC for Mambu, “however many of our established institutions are in dire need of a cultural overhaul before they can really embrace … [Read more...] about What the digital banking revolution means for Australian banks
Tighten Your Belt – 5 Secrets to Creating a Stable Financial Future
Photo by Vitaly Taranov on Unsplash It can sometimes seem impossible for low-income households to get ahead in today’s economy. Financial pressures can have a debilitating impact on your life. Too many families are familiar with the pattern of purchasing only the bare necessities, putting off replacing broken appliances, and spending all their time commuting to … [Read more...] about Tighten Your Belt – 5 Secrets to Creating a Stable Financial Future
How Merchant Cash Advances Are Helping Small Businesses
Small businesses play an important role in the Australian economy by continually meeting the increasing demand for jobs. However, small businesses that want to expand are often held back by lack of working capital and the difficulty of obtaining business loans. Some turn to local banks, but banks do not make it easy for small businesses to acquire loans if they’ve not been in … [Read more...] about How Merchant Cash Advances Are Helping Small Businesses
Treasurer Scott Morrison slams banks for not passing on full interest rate cuts
Australia's Reserve bank has reduced interest rates to a record low, cutting its cash rate from 1.75% to 1.5%. while the reserve bank board and government hopes the further cut will boost the labour market and economic growth, the banks are not entirely supporting this. Banks in recent times have either not been passing on the interest rates reduction fully or delaying passing … [Read more...] about Treasurer Scott Morrison slams banks for not passing on full interest rate cuts