The Reserve Bank of Australia has revealed the new design theme for the $5 banknote, which will no longer feature the British monarch’s portrait. Previously adorned with Queen Elizabeth II’s …
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banks
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National Australia Bank (NAB) has issued an urgent alert to its customers regarding a new scam involving fake pop-up SMS messages designed to deceive Australians into divulging financial information. These …
- National
Commonwealth Bank Assures Customers That Cash Is ‘Here to Stay’ in Significant Update
by adminIn a recent communication to customers, Matt Comyn, CEO of Commonwealth Bank (CBA), emphasised the bank’s commitment to maintaining cash availability amidst increasing trends towards a cashless society. He highlighted …
- National
RBA Acknowledges Delayed Response to Surge in Inflation, Cautions Australians Against Expecting Further Rate Cuts
by adminIn a recent admission, Reserve Bank of Australia (RBA) Governor Michele Bullock acknowledged that the bank was slow to respond to rising inflation by increasing interest rates. Reflecting on past …
- Finance
Westpac Lowers Interest Rates as Banks Gear Up for ‘Mortgage Wars’ Amid Anticipated RBA Rate Cut
by adminBanks may quickly lower mortgage rates to attract borrowers if the Reserve Bank of Australia (RBA) implements an expected interest rate cut today. The RBA’s first cash rate meeting of …
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Australia Post Secures New Agreement with Major Banks as Branch Closure Moratorium Extended to 2027
by adminThree prominent Australian banks—Commonwealth Bank, NAB, and Westpac—have renewed agreements with Australia Post to provide in-person banking services through the Bank@Post initiative, which will be accessible at approximately 3,400 post …
- National
Australian Bank AMP Introduces Numberless Debit Cards to Tackle Scams and Identity Theft
by adminAMP has launched its innovative digital banking service featuring numberless cards tailored for small businesses and everyday customers. These new cards do not display traditional 16-digit numbers, promoting enhanced security …
- Finance
February Interest Rate Cut Appears Increasingly Probable, But Experts Caution Against Assuming Certainty
by adminEconomists are increasingly optimistic that mortgage holders and small businesses will receive much-anticipated interest rate relief soon. The ASX200 recently closed at 8447 points, a rise of 0.57 per cent, …
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Over the past year, Australia has witnessed significant shifts in its cash usage and payment methods. Macquarie Bank took a notable step in May by becoming the first major Australian …
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After a prolonged period of high interest rates at 4.35 per cent in Australia, mortgage holders are looking for relief in 2025. Economists anticipate that the Reserve Bank of Australia …