Business
ANZ customers lose access to millions of dollars in erroneous loan redraw balances – ABC News
ANZ says loan redraw facilities on 200,000 customer accounts were mistakenly inflated, and is repaying $11 million in interest.
ANZ Bank has restricted access to loan redraw facilities for thousands of customers after discovering it had accidentally inflated their account balances by millions of dollars.
Key points:
- ANZ has restricted access to $8.7 million in redraw facilities
- Around 200,000 accounts have been affected, mostly home loan and personal loan customers
- The bank has identified 131 customers whose redraw facility balances have to be adjusted down by more than $10,000 each
…
Continue Reading
-
Noosa News22 hours agoMajor crash on Gateway Motorway snarls morning commute
-
Business24 hours agoUp 34% this year, can Challenger shares keep rising according to Macquarie?
-
Business20 hours agoThis ASX 200 mining stock is eyeing the lithium throne
-
Noosa News18 hours agoDriver arrested after life-threatening hit-and-run on outskirts of Ipswich, Queensland