Transaction Accounts - Page 4

Name: Transaction Accounts - Page 4 | Canstar
Creator: Canstar
Published: 2026-05-31T23:32:50.513Z

transaction accounts - 13 Aug, 2019

Which major and challenger banks have the most satisfied customers in Australia?

How happy are you with your bank? That’s what we asked thousands of Australian consumers in order to determine which major and challenger banks had the most satisfied customers. A recent Canstar survey found most Australian consumers still highly value the customer service they receive from their bank. In fact, 73% of major bank customers and 76% of challenger bank customers said customer service was a major factor in their decision to remain loyal. In the survey of more than 3,500 customers of the four major banks and nearly 1,800 customers across 14 challenger banks, Canstar asked respondents to grade … Continued

transaction accounts - 20 May, 2019

Half of young Australians choose same bank as parents, CUA survey finds

Half of young Australians choose the bank their parents use, bringing a whole new meaning to the phrase ‘bank of mum and dad,’ a new survey has found. The survey, carried out by Credit Union Australia (CUA), found that 50% of Australians between the ages of 18 and 24 opt for the institution that their parents bank with, while almost the same percentage of Aussies (46%) overall felt their upbringing did not make them financially savvy. The results shine a light on the role parents play in informing their children about money. They suggest that in many cases, Aussie kids are … Continued

transaction accounts - 5 Apr, 2018

Innovation Excellence Awards 2018: HSBC Australia Everyday Global Account

HSBC Australia’s Everyday Global Account has been awarded one of Canstar’s 2018 Innovation Excellence Awards for being the first of its type in the market to allow customers to ‘pay like a local’ wherever they are. HSBC Australia’s Everyday Global Account was one of a select number of Australian products within the financial services industry recognised and celebrated by Canstar through its annual Innovation Excellence Awards for making life easier for consumers. The HSBC transaction account was developed to make it easier for customers to transact in foreign currencies without worrying about overseas charges and changing foreign exchange rates. Canstar … Continued

transaction accounts - 11 Dec, 2017

Facebook may need Aussie banks' help to roll out Messenger payments

Facebook could be adding peer-to-peer (P2P) payments to its Messenger service in Australia as early as next year, but one fintech representative says it will need to work with the banks to make it in the Australian market. It was revealed by the Australian Financial Review this year that Facebook was granted a patent in Australia which would allow it to roll out P2P payments in Messenger, similar to what Facebook has done in other markets, including the United States, France and the United Kingdom. But the CEO of bill paying fintech Sniip, Damien Vasta, said any P2P services trying to break … Continued

transaction accounts - 15 Nov, 2017

Christmas Gift Ideas For Teenage Boys

Need some help with Christmas gift ideas for the teenage boys in your life? Here’s our 2016 list of the best Christmas gifts for young men.

transaction accounts - 15 Nov, 2017

Christmas Gift Ideas For Dad

Need some help with Christmas gift ideas for Dad? Here’s our 2016 list of the best Christmas gifts for your dad.

transaction accounts - 14 Nov, 2017

ANZ and CUA among first to offer eftpos on Android Pay

ANZ and Cuscal-sponsored credit unions including CUA today announced their eftpos cardholders can now make payments using Android Pay. The nine institutions, including People’s Choice Credit Union, Sydney Credit Union, Woolworths Employee’s Credit Union, Nexus Mutual and FCCS, are the first in Australia to officially offer this payment method to eftpos cardholders, enabling almost two million people to pay using their Android mobile devices. This follows the announcement Commonwealth Bank, Westpac and NAB are collaborating to launch a mobile payments platform, Beem, to make instant contactless payments with eftpos cards. Canstar’s Group Manager of Research and Ratings Mitch Watson said the new … Continued

transaction accounts - 4 Oct, 2017

How New Payments Platform Could 'Revolutionise' Transactions

Instantaneous fund transfers will soon be a reality for customers of the 'big four' and 50 smaller banks, and are set to launch around next Australia Day.

transaction accounts - 29 Sep, 2017

Childcare Spending Has Nearly Doubled Since 2009

New data shows that Australians are spending more per week on living and learning, with some of the biggest increases to spending for families being childcare services and education. The results of the Australian Bureau of Statistics’ (ABS) Household Expenditure Survey 2015-16 revealed that spending for families increased across many areas. The biggest increases in spending across the country on goods and services have been in education, which is up by 44%. ABS Chief Economist Bruce Hockman said childcare services have increased by 30% and energy and health care are both up by 26%. “The hike in education spending mainly … Continued

transaction accounts - 27 Sep, 2017

Everyday Banking Award Winners For 2017

On the hunt for a new bank? Canstar has announced two award-winning providers of banking products in this year’s Everyday Banking Award. How Canstar rates banking products In 2017, Canstar Research analysed and compared 127 transaction accounts and 181 credit cards from 43 institutions to recognise those that offer competitive transaction accounts and credit cards for a wide range of consumers with different spending behaviours. In addition, we give further recognition to institutions that provide their consumers with a strong online banking platform and comprehensive coverage throughout Australia (ATM and Branch) by considering a coverage score. To be eligible for … Continued

transaction accounts - 25 Sep, 2017

Bank ATM Fee Removals: How Experts Reacted

Yesterday Commonwealth Bank led the charge and removed the $2 fee to use a ‘foreign ATM’ which saw the other majors quickly follow suit, but Australia’s finance media haven’t exactly reacted with universal praise for the banks. ATM fees have been cut at CommBank, NAB, ANZ and Westpac ATM machines, while St. George Bank, Bank of Melbourne and Bank SA have also killed fees. This move could save consumers up to half a billion dollars in fees a year, with Reserve Bank data showing that Australians made 250 million withdrawals from ATMs other than the ones they bank with. ABA says … Continued

transaction accounts - 10 Jul, 2017

Major Banks Increasing Their ‘Share Of Wallet’

The Big 4 major banks have each increased their ‘share of wallet’ in the decade up to May 2017, according to Roy Morgan research. Share of wallet refers to the amount of customers’ money a bank handles, widely considered the best indicator of customer loyalty to an institution. The metric is measured using the total value of a customer’s loans (e.g. home loans and personal loans), bank accounts, and credit cards. Roy Morgan’s latest survey of 50,000 banking customers found that BankSA had the greatest share of wallet of any bank, handling 60.9% of customers’ money. The South Australian institution … Continued

transaction accounts - 10 Feb, 2017

How Should Couples Manage Money?

If money issues are getting in the way of your “Happy Ever After”, consider the following tips about navigating financial challenges with your partner.

transaction accounts - 3 Feb, 2017

Greater Capability & Risks On Australia's Payment Platform

Real-time payments and increased business opportunities will also come with greater risk of fraud, following the launch of Australia’s New Payments Platform (NPP). Upon its launch in the second half of 2017, the $1 billion network of payment infrastructure promises to deliver bank transfers within seconds, but experts are warning of a greater potential for fraudulent transactions to occur. The NPP is a new network of open-access payment infrastructure being developed collaboratively by several of Australia’s major banks, along with the Reserve Bank of Australia. It consists of a new network connecting participating banks, along with an addressing service … Continued