A Queensland small business has accused its bank of making it “actively difficult” to deal in cash, after facing an “unacceptable” situation where coin deposit machines were down at multiple branches. But the Commonwealth Bank (CBA) has rejected suggestions it’s phasing out deposit machines, saying “cash is and will remain an important part of Australia’s … Read more
Major changes to Buy Now Pay Later (BNPL) service Afterpay have come into effect. Under its new terms of service, select customers will now have the option to delay their first payment. And all customers will now be able to choose a day of the week to pay their instalment, rather than having the day … Read more
Australians have just weeks left to claim a $500 cash boost to their super. To get the cash boost deposited in their super fund after tax time, eligible Australians will need to fork out their own voluntary contributions by the new financial year on July 1. But “there are some strings attached”, UniSuper advice team … Read more
The convenience of tapping your card instead of inserting or swiping could be costing Australians up to $1 billion a year in surcharges, with many unaware about the “hidden fees” behind the simple act. Most of us now tap our cards to pay for goods and services without a second thought — the modern way … Read more
Retirement dreams may be drifting further out of reach for Australians, with experts warning we may need to rethink our plans for the golden years. Working mum Jodie Imam is among those who no longer sees herself as heading towards a traditional retirement. WATCH THE VIDEO ABOVE: Aussie workers worried they’ll run out of money … Read more
Against the backdrop of the Caribbean Sea, Ontario couple Matt Lassaline and Kirsten Whiteley got married in Jamaica last month in a small beach wedding ceremony that was everything they had imagined. Having bought a house in 2021 and with a mortgage to pay off, the couple didn’t want to put themselves in more financial … Read more
Tax time is just around the corner which can bring unexpected returns — but also stress and confusion. But it doesn’t have to. Australian finance expert, author and Smart Women Society CEO Téa Angelos this week shared with 7Life her simple guide to everything you need to know for tax time. Know the news with … Read more
Airports are knocking on Lynx Air’s cabin door to demand $4.1 million in unpaid fees and debt from the defunct discount carrier, which already faces more than $200 million in claims from creditors. In court filings late last month, authorities for the Calgary, Vancouver, Edmonton, Halifax and Winnipeg airports asked for an order instructing Lynx to hand over airport … Read more
Taxpayers can get an upfront payment of up to $1000 as soon as they lodge their return with accounting firm H&R Block. However, consumer advocates have sounded the alarm over the initiative, saying it could unexpectedly force people into debt. H&R Block says it’s willing to give clients a partial “advance on their refund” without … Read more
Descrease article font size Increase article font size The Bank of Canada should consider better communication of its monetary policy intentions, building on the steps it has already taken to improve the transparency of messages it sends to the market, the International Monetary Fund said on Tuesday. The IMF has often suggested improvements to central … Read more
