Banks charged mortgage holders $55m in extra interest after offset account errors, Asic finds
2 sources·Updated July 28, 2026
Covered by 2 sources
- Guardian Australia·10h agoBanks charged mortgage holders $55m in extra interest after offset account errors, Asic finds
Australian banks ‘not getting the basics right’, regulator says after review of more than 200,000 home loans Get our breaking news email, free app or daily news podcast Asic has accused banks of “not getting the basics right”, after the regulator found faulty mortgage offset…
Read at Guardian Australia → - The West Lifestyle·10h agoBanks behaving badly: Hidden mortgage offset failures cost borrowers $55m in extra interest
Tens of thousands of homeowners have unwittingly spent too much on their mortgage after some of the country’s biggest banks failed to properly link their offset accounts.
Read at The West Lifestyle →
