Australia’s first Islamic Bank set to open soon
The Australian Prudential Regulation Authority (APRA) has officially authorised the first Australian Islamic bank to have a restricted deposit-taking license under the Banking Act.
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Uptake of digital payment methods and bank account ownership spurred on by the Covid pandemic
According to The World Bank, the COVID 19 pandemic “spurred financial inclusion.” The2021 release of The Global Findex Database found that during the pandemic, many people around the world opened their first bank account and influenced people to turn to digital payment methods for the first time.
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How does the Volt Bank closure affect you?
Volt Bank announced it is closing shop, telling customers they need to clear out their funds by July 5, 2022.
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Home loan rates are up, but so are savings accounts! Is it time to switch?
Whenever the Reserve Bank of Australia (RBA) lifts the official cash rate, lenders and banks take it as a cue to hike their variable interest home loans, too. But while they’re normally a little slower to do the same with savings accounts, we’re finally beginning to see some welcome rises.
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Macquarie wins award for Australia’s Best Bank
It’s that time of year again, where our expert team of judges analyse data to find the top Australian banking providers. And Macquarie Bank has been crowned Australia’s Best Bank in the 2022 Mozo Experts Choice Best Banking Awards.
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Gateway Bank wins Australia’s Best Small Mutual Bank award
Over the years, we’ve seen a rise in mutual banks as an alternative to big banks. And now Gateway Bank has been recognised as one of the best choices, winning the Best Small Mutual Bank award.
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Credit Union SA has been crowned Australia’s Best Credit Union
After being founded over 60 years ago, Credit Union SA knows something about keeping customers happy. And it’s earned them the title of Australia’s Best Credit Union in our 2022 Mozo Experts Choice Best Banking Awards.
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Aussies love of banking apps trumps social media!
Does it surprise you to learn that 66% of Australians now say they can’t live without their banking apps. In fact, a recent study by the Commonwealth Bank also reported that Australians are more likely to delete their social media apps than their banking ones.
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Looking for a B Corp bank? There are options
If you’re one of the many Aussies looking to make their finances green, then you might want to add B Corp certification to your checklist when deciding on a financial provider.
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Moving to Australia? Here’s how to set up an Aussie bank account
If you’re looking to move Down Under chances are that you’ll need to open an Australian bank account.
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