‘Do the Right Thing’: ASIC Raises Pressure on CBA over Refund Refusal

Cash boost coming for thousands of Aussies as banks forced to refund $93m

More than 770,000 customers are still owed a refund following a review of fees.

Banks to refund low-income Aussies more than $93 million

Major banks will put more than $93 million back in the pockets of low-income customers who have been charge...

Banks to refund millions in fees to more than 700,000 customers

The Australian Securities and Investments Commission (ASIC) has ruled that $60m in fees charged to low-income customers on high-fee bank accounts should be returned because the customers were eligible for cheaper products.

Major banks told to refund millions in excessive bank fees

Hundreds of thousands of Australians slugged more than $60 million in excessive bank fees could soon get a refund, but Commonwealth Bank customers may not see a cent of $270 million in unfair charges.

Westpac, ANZ and Bendigo Bank to refund $60 million in unfair fees

ASIC investigated four banks for charging vulnerable customers unfair fees. Three banks are repaying them $60 million, but one major lender is holding out.

Australian banks to refund $93m after ASIC review

Banks will pay more than $93 million to refund low-income customers who were charged excessive fees, after a review by the corporate watchdog.