Mobile banking is booming down under and it turns out that if you’re one of the ever-increasing number of Aussies to manage their money via a mobile banking app, you’re far more likely to recommend your bank to your best mate.
When it comes to budgeting, keeping tabs on every cent that passes through your bank account can be a real hassle, which is why Australians searching for a simpler solution will be pleased to know that the winner of the 2018 Mozo Experts Choice Award for best Money Management App has just been announced.
As of tomorrow, March 1, ING will introduce a host of changes to its banking products - including the removal of international transaction and ATM fees and a new minimum requirement for its popular savings account.
You probably know that interest rates have been stuck in a rut for some time now, and savers are feeling the pinch. But never fear - this March it's the time of year again when the Mozo Experts put their heads together to work out which bank accounts and savings accounts out there offer Aussies the best bang for their buck.
Digitally-savvy, extremely loyal smartphone customers want to use their phones and watches to make payments and new research has found a large portion of Aussies are willing to switch banking providers to do so.
After months of speculation and in-house testing the New Payments Platform (NPP) has officially launched today, bringing with it a host of new capabilities which could transform the way Australians do their banking.
You’ve probably heard a lot about a Banking Royal Commission over the past twelve months - but what exactly is under investigation, how did we get here and what can we expect from this landmark event?
With the arrival of the New Payments Platform expected sometime this month, we’re sure you can’t wait to make ‘real time’ instant payments without the need for a BSB or account number. And once it gets here, you'll be able to do that through Osko by BPAY- the first product to be developed under the New Payments Platform. Osko will be available through online or mobile banking - you won’t even need to download an app to use it!
Financial jargon can be hard to keep track of at the best of times and just when you think you’ve gotten a handle on the latest money mutterings, a raft of legislative changes or technological disruptions mean that they change all over again.
It turns out that Aussies are enjoying an open relationship of sorts with their banking providers, according to new data from Roy Morgan Research.