Osko is a fast and convenient payment network that operates under the NPP (New Payments Platform) in Australia. Launched in 2018, it allows users to make real-time payments between participating banks and financial institutions, ensuring money is transferred almost instantly.
Open banking is an innovative process aimed at revolutionising traditional banking systems across the world and has been implemented in Australia since 2020. The notion of consumer-centric banking has the potential to change how you handle your personal finances. It’s important to be aware of what open banking means for your future money management.
There's a growing movement in Australia to combat climate change and promote ethical practices across various industries. One area gaining significant attention is the banking sector, with many Australians now considering the environmental and social impact of their financial choices. If you're contemplating a switch to ethical banking, this comprehensive guide will walk you through everything you need to know.
Gone are the days when you had to pull out your wallet or write a cheque to pay back a friend or settle a bill. With internet banking and online accounts, sending money to friends, family, or businesses is a breeze.
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By offering digital only access, providers can make banking a more convenient service. But what exactly are online banks and how do they differ from traditional banks?
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When deciding who to manage your money with, there’s more than just traditional banks to choose from. So, what makes mutual banks, and credit unions different? Let’s have a closer look.
If you're an investor looking to streamline your finances, a cash management account might be the solution you need. Whether you're managing your own super fund, investing in shares, or collecting rental income from an investment property, a cash management account (SMA) can help. In short, it keeps your investment money separate from your everyday spending while still earning competitive interest rates.
Bank account providers offer a range of accounts to suit the needs of different users. Below, we explore some of the bank account options available in Australia.
Opening a bank account in Australia is a straightforward process that can often be completed in just a few minutes, either online or at a branch of your chosen provider. However, to make sure you make the right choice, it's worth investing some time in researching what different bank accounts have to offer.
The recent news of Silicon Valley Bank’s (SVB) collapse has made many Aussies nervous about their bank's stability.
Share house finances can make for some truly awkward territory, no matter how close the people you’re sharing with are.
Charges for overdrawing your bank account, missing monthly deposit quotas and minimum balance requirements can add up significantly over time. And unfortunately, it’s often retirees and those already struggling to cover their bills who are often paying those fees and charges.
Changing bank accounts can be rewarding if you take advantage of the best deals out there.
Update: Afterpay Money is no longer in operation. For current Afterpay services, please refer to our main BNPL hub.
There’s nothing worse than receiving your bank account statement and realising you’ve accumulated all these additional bank charges you never knew about.
Looking for a better way to manage your money but don’t know where to begin? From everyday transaction accounts and linked savings accounts to credit cards and personal loans, a little attention to your personal banking services can actually save you a bundle.
A checking account is just like any everyday transaction account that lets you make bank deposits as well as withdrawals. The added feature with a checking account is that apart from managing your funds at the branch, at an ATM or online, you also have a cheque book, which enables you to make payments to businesses or people from your account.
Get more than the headlines with whole picture reports whenever transaction account news breaks.
School holidays are the perfect time to relax, enjoy family activities, and, yes, talk about money! While your kids are off from school, it’s a golden opportunity to teach them valuable financial skills that will set them up for life.
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It’s not often we see a new trend in bank accounts, but this could be one to watch. Ubank, Australia’s first homegrown digital bank, has just launched its new Bills Account.
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When you think of your bank account, you likely think of three key things. Has my pay gone into the account, what’s the current balance, and wow, do I really spend that much on sushi?
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Financial stress has been bearing down on everyday Aussies since the start of the cost-of-living crisis began. In fact, recently released data from Industry super fund Aware Super has found that 86% of Australians have gone into 2024 worried about the effect of the cost-of-living crisis.
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