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(Reuters) - Four Australian banks will give back a total of A$28 million ($18.95 million) to low-income customers, after a review by the corporate regulator found these customers had been kept in high-fee bank accounts despite being eligible for cheaper products.
A report released by the Australian Securities and Investments Commission (ASIC) on Monday said ANZ, Commonwealth Bank Of Australia, Bendigo and Adelaide Bank and Westpac had kept at least two million customers in accounts under which ...
>>> Read more: Aussie banks to return $19 million charged in high fee to low-income customers
A report released by the Australian Securities and Investments Commission (ASIC) on Monday said ANZ, Commonwealth Bank Of Australia, Bendigo and Adelaide Bank and Westpac had kept at least two million customers in accounts under which ...
>>> Read more: Aussie banks to return $19 million charged in high fee to low-income customers
