Bank account news and advice

A new government-backed switching service offered by all banks, credit unions and building societies means that consumers looking to refinance are in for an easy ride.

Online fraudsters have sent out a slew of emails that try to trick people into providing bank account login details and other personal info, NAB has warned.

Young people and senior citizens are falling behind in the financial literacy stakes, a new poll by ANZ has claimed.

In an effort to put a bit of fun back into sorting out bank accounts and credit cards, BankWest is opening up a store in Willetton, Western Australia, which isCredit designed to take the stress out of money management.

It seems many first-home buyers have been spooked by the recent crisis in global financial markets.

While solid definitions of what it means to be wealthy are difficult to come by, it seems many millionaires still take a “mum and dad” approach to investing their cash.

The credit crunch has claimed more than US$503 billion ($590 billion) from US businesses since it first bit into the economy more than a year ago.