Bank account news and advice

All the latest bank account news and top tips to help you manage your bank account.

  • Prioritise your spending to avoid debt stress

    Wednesday 18 April 2012

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    Many Aussies are wallowing in debt and this could have a negative impact on their physical health and mental wellbeing. The cost of living down under appears to be rising all the time and plenty of people have seen their bank accounts take a major hit in recent years. Occupational psychologist and author of Taming the Pound: Making Money Your Servant, Not Your Master Kim Stephenson believes that being in arrears can have serious consequences. "We can end up with a whole range of niggling things and become more susceptible to serious illness because our immune system isn't working properly," he remarked. With money being so tight, Mr Stephenson suggested that Aussies cannot afford to have materialistic attitudes anymore. He said that the desire to always want more can make Aussies really unhappy and people can easily become slaves to money. The expert advised households to adjust their spending habits so they are only buying essential items. Have a question about bank accounts? Ask the money gurus at Mozo Answers.

  • Cost of living in Queensland set to be reduced

    Thursday 12 April 2012

    Cost of living in queensland set to be reduced mini

    The latest World Cost of Living Survey showed that certain Australian cities are among the most expensive on the planet.

  • Aussies 'looking for bargains when dining out'

    Monday 30 January 2012

    Aussies looking for bargains when dining out mini

    Aussies have been forced to reign in their spending in a number of ways since the global financial crisis took hold and this includes dining out. According to new figures released by the Australian Bureau of Statistics, people are being cautious about how much they spend on their debit cards when they head to a restaurant or eatery. Many more Aussies are searching for special deals before booking a table in a particular establishment. However, despite this new bargain hunting approach, figures indicated that $19.6 billion was spent on eating out in the year leading up to November 2011. Chief executive at Restaurant and Catering Australia John Hart said many chefs have been forced to offer discounts in order to attract customers. "We started to see deals like lunch with a glass of wine and that was before the daily deals kicked off and that's been retained ever since," he remarked. A recent study conducted by ING Direct showed that people in New South Wales are the most confident about their financial wellbeing in 2012, as many were able to boost their savings accounts last year. Have a question about debit cards? Ask the money gurus at Mozo Answers.

  • Tax office 'bogged down by bonuses'

    Wednesday 29 April 2009

    This year’s tax returns are likely to be a little late in coming, as the Australian Tax Office (ATO) is too busy handing out Kevin Rudd’s $900 cash bonuses.

  • Late bank charges set to be banned

    Tuesday 17 February 2009

    Bank charges deemed unfair, such as late fees, may soon be a thing of the past under the new Australian Consumer Law, it has been reported.

  • Rate cut widely predicted

    Monday 02 February 2009

    A cut in the interest rate is widely predicted to be made by the Reserve Bank later today.

  • Blokes beat girls in battle of the big spenders

    Tuesday 23 December 2008

    Despite tired stereotypes of women splashing huge amounts on new shoes and other hot fashion trends, it turns out guys are actually more indiscriminate when it comes to spending splurges.

  • Baby bank accounts used as a drug front

    Monday 22 December 2008

    Shady cocaine-smuggling grandparents have been opening up child bank accounts in a bid to clean their proceeds, it has emerged.

  • Australians still hooked by phishers

    Monday 15 December 2008

    A record number of Australians have fallen victim to phishing scams this year, figures cited by the Courier Mail show.

  • St George extends help to Queensland residents

    Friday 28 November 2008

    St George has urged Queensland customers using its bank accounts and home loans services to get in touch as soon as possible if they have been hit by the recent storms.