Adelaide, SA

Brisbane, QLD

Melbourne, VIC

Perth, WA

Sydney, NSW

Sheffield, UK

Welcome Guest [Log In] [Register]
Fishpond Books Australia - Amazon Books - Bookdepository UK

Welcome to Diamond Aussie Forums. We hope you enjoy your visit.


You're currently viewing our forum as a guest.

This means you are limited to certain areas of the board and there are some features you can't use.
If you join our community, you'll be able to access member-only sections, and use many member-only features such as customizing your profile, sending personal messages, and voting in polls.

Registration is simple, fast, and completely free.

Be aware that we dislike Spam postings, and the IP of any Spam sender is sent on to various Spam databases.

Join our community!


If you're already a member please log in to your account to access all of our features:

Username:   Password:
Add Reply
Bank fees and costs
Topic Started: May 28 2006, 11:24:51 AM (228 Views)
ABCDiamond
Member Avatar


A selection of comments from a report in the Sunday Mail paper today


AUSTRALIANS are paying some of the highest banking fees and charges in the Western world.

The margins – the difference in the rate at which banks borrow and the one at which they lend to you – are 1.31 in the UK and 1.89 percentage points in Australia.

The research also reveals that over the life of a typical Australian mortgage, borrowers pay $6,712 in costs, compared with $5,086 in Britain

Credit-card holders are also getting a raw deal. Australian banks take a 9.1 per cent margin compared with 7.55 per cent in the UK.

The average customer here spends $96 a year on monthly fees, ATM transactions and other standard charges compared with $56 in the UK.


Offline Profile Quote Post Goto Top
 
ProofReader
Unregistered


I'm so sick of banks and their fees for this and charges for that, that I reckon it's time to get the old shoebox out and stash it under the bed!







If only I had summat to put in it!!! :( ;)


Quote Post Goto Top
 
Tiredwithtwins
Member Avatar
Admin

ProofReader
28th May, 2006 - 11:23am

I'm so sick of banks and their fees for this and charges for that, that I reckon it's time to get the old shoebox out and stash it under the bed!







If only I had summat to put in it!!! :( ;)



lol!!!

the old chap who lodges with my mum has over £4k in a box in the bottom of his wardrobe :o
plus several grand in his post office account......his reasoning, in his words, ''so t'bluddy dhss cant get their thieving hands on it'' lol :D

we dont seem to do too bad with charges.....we have a free overdraft with the halifax, which stays free providing at least £1000 a month goes in....not too hard with both wages and child benefit going in. interest is minimal - its usually about £3 or £4 a month (cos we are ALWAYS overdrawn :lol: ) and savings sit in the ISA's or the kids tax free savings accounts :D
Offline Profile Quote Post Goto Top
 
1 user reading this topic (1 Guest and 0 Anonymous)
« Previous Topic · Australian General Information Pages · Next Topic »
Add Reply


Phone Card Choice Work From Home
Quicklens Australia Contact Lenses Travel Insurance - Columbus Direct

atc atc