Banks

Australia’s big four banks fund $61 billion to fossil fuel companies

A new report by Market Forces a non-for-profit climate group reveals, Australia’s big four banks have collectively financed over $61 billion into fossil fuel projects since the Paris Agreement, despite their public commitments to climate goals. In 2023 alone, these banks loaned $3.6 billion to fossil fuel companies, including $2.5 billion to those expanding coal, …

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Danger with PAY ID

New payment services being offered by the banks include PAY ID, which allows you to send your payment to another person via a phone number or an email address.  If you confirm then if the details are correct, you should receive the money in under a minute. But this connection from name to email or …

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Digital divide continues with banking access in Regional and First Nations communities

A new study from RMIT shows communities in regional and remote areas are still relying on face-to-face banking services. More banks in regional and remote areas are shutting down and moving to online services, and for communities without access to affordable and reliable Internet, the impacts are significant. First Nations communities are at a greater …

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