It’s a lazy Saturday night and you’ve got no plans. You’ve refreshed your Facebook feed for the third time with no new updates, so you’re forced to stare at the ceiling… until you decide to pull out your laptop and do some online shopping.
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Summer holiday travel season is fast approaching, but while you may be fixated on getting the best price on your flights and accommodation for that trip to Europe or South America, have you ever seriously thought about the fees you’re likely to fork out while overseas?
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Whether it’s paying for a morning coffee or withdrawing cash from an ATM, Australians are increasingly choosing to whip out their smartphones or smartwatches for their everyday banking and financial transactions.
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In between updating their Snapchat or Instagram, it’s no secret that Aussie teens also love to spend time using their debit cards for their next transaction.
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Australian banks are reducing their ATM networks after the big four banks terminated ATM fees last September.
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Based on the latest RBA banking fees report, which showed banks are making $4.5 billion in fees each year - a 3.7% increase from 2016 - Mozo has revealed that Aussie households are paying nearly $500 a year in bank fees.
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For many Aussies, the journey to work often begins with two taps: one with their Opal card and the other to pay for breakfast with their debit card.
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In recent plastic news, Debit Mastercard are taking on millennials by releasing the first of its kind in Australia - a Debit Mastercard rewards program.
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NAB has today announced the imminent arrival of its Platinum Visa Debit Card, which is stacked full of features that make this debit card feel a little more like a credit card.
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