I don't understand the $50 a month fee, they're taking that on top of 3% and 30c a transaction.
Uh, and they also don't support 2FA on their login form; that's not going to end well.
Uh, and they also don't support 2FA on their login form; that's not going to end well.
Welcome to Australian banking.
Somehow through one of the worst banking crisis in the history of the world the major Australian banks still remained some of the most profitable companies in the world.
The banks in Australia are a huge tax on the economy but politically nobody will raise the issue - since despite getting shafted the Australian public is too shallow to see past the fear mongering of job losses in the banking sector and having to protect it.
But our market is too small to attract truly serious competition. A serious foreign entrant would need to buy a Big 4 and that would be expensive and messy.
I am very that excited this came through and am doubly grateful for the $9 offer they're doing.
I'll have to get a sole trader ABN to be eligible to use it but I suspect it will be worth it.
And that's Australian Banking. Alternatives are even more pricy..........