Banking

Why Your Bank is Lying to You

Malcolm, I feel for you, brother. On Wednesday, after the banks behaved like brats by not passing on all of the Reserve Bank’s rate cut, the Prime Minister held a press conference. He said — essentially word for word —...

Kids and money

Chances are you had one of these accounts…and you got screwed

If you answered, ‘the Commonwealth Bank’, you’re as dinky-di as drinking from a bubbler on a hot summer’s day. The CBA’s School Banking Program, known as Dollarmites, is an institution that has been around for over 80 years, and it’s currently in more than 2,500 primary schools across the country. Yet what you probably didn’t realise is just how cutthroat it is for the bank to get into your classroom.

Getting out of debt

The Bank Accounts, Credit Cards, and Home Loans that I recommend

It was a corker of a deal. In 2012 the Labor Government, fresh from ballsing up GroceryWatch, FuelWatch and RuddWatch, announced they were putting the screws on the Big Four banks. It was pure political gold: Australians get slugged with some of the highest bank fees in the world, and we’re as mad as hell about it. Or at least A Current Affair is, as told through the eyes of some angry old bird they always seem to find walking out of a Westpac in Western Sydney.

Financial Planners

Yes Minister

A few months ago I was invited to do a keynote speech with the CEO of the Commonwealth Bank, for an audience that consisted of 500 of the biggest movers and shakers in the finance industry. The bank chief began...

Careers

Google Money

Open up your wallet. Go on. What do you see? My bulging cowhide has swallowed half a dozen loyalty cards, my licence, my Medicare card, three debit cards, a couple of discount fuel dockets, and $45 in notes. No wonder...