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Transaction Accounts - Page 6

transaction accounts -

Bankwest rewards everyday transactions - Canstar Innovation Excellence Awards

Bankwest Rewards Transaction Account Awarded by Canstar Research on March 2013 Credit card rewards programs are a popular and well entrenched feature of the Australian credit market now, but Bankwest has introduced a game-changer with the launch of Australia?s first rewards-linked everyday bank account.The Bankwest Rewards Transaction Account gives customers reward points for their everyday banking and these points can be redeemed online, with a choice of more than 3,000 reward options. What are the main features? Account holders are rewarded in two ways; for the daily balance that they hold in their account, and every time they make a … Continued

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What is near field communication (and how secure is it)?

By Rob Livingstone, University of Technology, Sydney. Originally published at The Conversation. Coles and the Commonwealth Bank of Australia declared last month their intention to make use of near field communication (NFC) technology, allowing users to transfer their personal and other banking details from a smartphone to a point of sales register by simply holding their device near a reader. In its simplest form, NFC can operate in three modes: In passive mode, the contact pad generates a very short range radio frequency field which is used to read data contained in the receiving chip while passing through this radio field. … Continued

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How to change bank accounts: What's Involved

July 2012 a new government scheme was introduced to make it easier for consumers to switch bank accounts. Unfortunately though the scheme was not extended to small business owners and with potentially hundreds of transactions each month, switching a business transaction account can still be a difficult operation. How difficult is it to switch accounts? If you have automatic payments and direct debits set up then switching bank accounts can take some time. If you provide them with the authority, though, some banks will do the hard work for you by arranging to transfer over your direct debits and automatic … Continued

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Switching banks? What's the attraction?

“Bank bashing” has almost attained the position of a national sport in Australia, so some may be surprised to learn that Canstar Blue?s most recent banking customer satisfaction survey revealed the following:  in the last 12 months, only five percent of customers chose to switch from their main financial institution. The overwhelming reason why people don?t switch? Because they?re happy with the service provided by their current bank. Of those who do switch, though, interest rates, fees and better products/offers were the compelling reasons. We asked three challenger banks to let us know what product or service is currently resonating … Continued

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