Australian consumers sue banks

Aliantha · 05-13-2010, 06:47 AM

There's a fair bit of sabre rattling going on in the mining sector over that tax. I'll be very surprised if it ends up being applied if not reduced.

On the one hand I feel like joining the class action. On the other hand, I suppose high penalties are a deterant for people overdrawing their accounts. I know in the past I've been charged fees and when I've taken it up with the bank manager I've been able to have them removed. I suppose this is not possible in all cases, but you have to feel sorry for the battlers out there who can really suffer if they lose as little as $40.

05-13-2010, 06:47 AM	#2
Aliantha trying hard to be a better person Join Date: Jan 2006 Location: Brisbane, Australia Posts: 16,493	There's a fair bit of sabre rattling going on in the mining sector over that tax. I'll be very surprised if it ends up being applied if not reduced. On the one hand I feel like joining the class action. On the other hand, I suppose high penalties are a deterant for people overdrawing their accounts. I know in the past I've been charged fees and when I've taken it up with the bank manager I've been able to have them removed. I suppose this is not possible in all cases, but you have to feel sorry for the battlers out there who can really suffer if they lose as little as $40. __________________ Kind words are the music of the world. F. W. Faber

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