Connect with us

National

ANZ Bank hit with $10m penalty after wrongly charging 69,000 customers fees – NEWS.com.au

ANZ Bank hit with $10m penalty after wrongly charging 69,000 customers fees

Published

on

post featured image

ANZ has been ordered to pay $10 million in penalties after the Federal Court found it engaged in unconscionable conduct hundreds of thousands of times by slugging customers fees it was not entitled to.For more than 12 years to September 2015, the bank charged personal and business customers non-payment fees for periodic payments that could not be made due to insufficient funds in their account.
It also charged transaction fees for successful periodic payments.
The periodic payments were made b…

Click here to view the original article.