Tag: Banks

I get that “Mum and Dad homeowner” are an important segment and a huge proportion of society, but why don’t hear commentators discussing the impact on “Mum and Dad business owners”?

When it comes to interest rates, small businesses have had a rough time lately. They’ve had to cope with tough lending conditions from the big banks and now another interest rate rise.

Australian business owners can now avoid dealing directly with their bank, with the introduction of a new intermediary service.

Most home owners are choosing their home loan for reasons other than price due to a lack of experience in the market and often stumble into expensive ill considered options.

The Federal Government has removed the bank large deposit and wholesale funding guarantee established to stabilise banks due to the Global Financial Crisis.

MYOB has entered into an agreement with BankLink for the supply of bank transaction data to be used in a range of new MYOB products.

Consumers are electing to stay with their current bank due to costs and barriers to exit in place to keep them with the institution a new report has found.

You may have noticed a savings account war being waged, in recent weeks, in the streets of Bankland. Fights have broken out over the highest “special” rates, the most user-friendly conditions, and even – to a lesser extent – over the base rates. It’s good news for savers — but is it good news for small business?

Westpac has announced a change in policy for credit card owners and will now charge interest on interest and as well as on fees paid by customers for items such as late payments.

The workshops, valued at $2,500 per participant but free to customers, begin 17 March at 24 locations across Australia. The workshops will be held in local community locations to provide convenient access and networking opportunities to participating businesses.