When Laura* received a call from NAB Bank telling her that her bank account had been compromised, she immediately leapt into action. But the person on the other end of the line was not trying to help Laura at all. The scammer instructed Laura to download software and transfer nearly $5000 to secure the money … Read more
The Australian Competition and Consumer Commission (ACCC) has provided interim authorisation for a $50 million bailout of transporter Armaguard from the country’s biggest banks and retailers. The ACCC approved the bailout on Wednesday. The agreement, funded by the Commonwealth, Westpac, NAB and ANZ banks, along with Coles, Woolworths, Wesfarmers and Australia Post, means Armaguard will … Read more
A Queensland woman narrowly avoided losing her life savings in a scam that cost Australians almost $100 million last year. Rebecca (name changed for privacy) visited the NAB branch in Kingaroy, northwest of Brisbane, in early May to transfer $100,000 for a new car. But holes quickly appeared in the sale, with a banker spotting … Read more
Most Australians are planning to save any extra money they receive from their stage 3 tax cut, new data from NAB Bank has revealed. Younger Australians, women and those earning between $100,000 and $150,000 are the most likely to save their boost when the stage 3 tax cuts kick in on July 1 rather than … Read more
New data reveals Australians are changing their holiday plans during the cost-of-living crisis, saving them at least $300 per month. NAB’s consumer sentiment survey of more than 2000 Australians found one in three people were reporting high stress as a result of the cost of living during the first quarter of 2024. As a result, … Read more
Diners club cards will soon cease to exist as NAB announces the death of the card that was once the world’s first multipurpose charge card. NAB will be closing Diners Club cards in Australia, less than two years after it bought the brand from US owned Citigroup. “As of 15 April 2024, Diners Club will … Read more
A NSW man’s insistence that he verify a caller’s claims led the would-be scammer to drop their act in frustration. Ray received a call from a man claiming to be from NAB Bank, telling him there had been an attempted transaction on his account in New Zealand. WATCH THE VIDEO ABOVE: Would-be bank scammer swears … Read more
The regional banking crisis is having unexpected consequences, with a Coles in Western Australia now having to pause cash-out in its store due to excessive demand. The Coles in Kununurra has experienced an increase in demand for in-store cash-out services following the closure of some bank branches in town. Coles says this is a temporary … Read more
NAB is set to continue closing down its branches across the country, with 13 on the chopping block this year. The branch said the decision was “difficult” but that it was made due to changing customer banking habits. “With more customers choosing to bank online, over the phone, or by video, and because fewer customers … Read more
A Tasmanian couple has been saved from an online investment scam by their bank teller, who refused to allow the couple to transfer $40,000 from their account. The request immediately set off alarm bells for Erin Bugg, a customer adviser at NAB Bank. The couple told her they had tried to transfer $40,000 — the … Read more
