Business
ANZ Bank to pay $10 million penalty for wrongly charging customers $3m in fees – PerthNow
The bank will pay a $10 million penalty for wrongly charging 69,000 customers more than $3 million in fees.
ANZ will pay a $10 million penalty for wrongly charging 69,000 customers more than $3 million in fees.
The Federal Court found the bank had wrongly charged non-payment and transaction fees for periodic payments between 2003 and 2015.
It was not allowed to charge these fees for payments made between accounts held in the same customer name.
The court found ANZs lawyers in 2011 advised it may not have been allowed to charge the fees, but the bank continued to do so until September 2015.
The cou…
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