TITLE

The Buzz

PUB. DATE
March 2008
SOURCE
Money (Australia Edition);Mar2008, Issue 99, p14
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the effort of Australian Prime Minister Kevin Rudd to make switching banks easier both for mortgage borrowers and other account holders. Many customers have most of their business with one bank, which can make switching overwhelming. Treasurer Wayne Swan announced the Account Switching Package that aims to reduce unnecessary barriers to customers changing providers. Consumers do not like to change banks for their everyday transaction accounts is the hassle of cancelling direct debits and setting them up again with the new bank.
ACCESSION #
31651413

 

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