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Banks to pay back $93 million in refunds to low-income consumers

Article image for Banks to pay back $93 million in refunds to low-income consumers

Some banks charging high fees to those who can least afford it will refund more than $93 million to customers following a bank-fee review by the Australian Securities and Investments Commission (ASIC).

ASIC Commissioner Alan Kirkland spoke to 6PR Radio Perth Live presenter Oliver Peterson and said there were over 2 million people affected by the fees.

Click PLAY to hear the full discussion:

Image: iStock.

Hear more highlights from Perth Live below and download the 6PR app on i0S or Android to ensure you don’t miss a thing!

Oliver Peterson
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