🔒 Confirmation of Payee is coming to all banks! Some banks already give you a warning if the account name doesn’t match the BSB and account number — and soon this protection will be available across the whole banking system. ✅ Your bank will check the name and account details ⚠️ If they don’t match, you’ll get a warning before the payment goes through 💰 Helping to keep your money safe This national rollout will make payments safer and give more Australians protection from scams and mistaken transfers. Learn more at the Australian Banking Association: https://www.ausbanking.org.au/scam-safe-accord/confirmation-of-payee/ #banking #consumerprotection #consumercreditlegalservice (fb)

💳 Say goodbye to card surcharges? We are so close! After more than a decade of campaigning, the Reserve Bank has announced in their review of merchant car payment costs and surcharging, a proposal to ban card surcharges — those sneaky extra fees businesses tack on when you pay with your card. 🔎 A CHOICE survey found 2 in 3 Australians have been hit with a debit card surcharge without being told. It’s time to end the gouge once and for all. Over 15,000 people have already signed the petition to ban surcharges. Now, we need to reach 20,000 to make sure big businesses don’t water down this proposal. ✍️ Add your voice Together, we can stop unfair card surcharges and put money back in Australians’ pockets. #choice #creditcard #consumerprotection #consumercreditlegalservice (fb)