ME Bank survey

A new survey from ME revealed 94% of Australians think banks don’t act in their best interest. 95% agree banks sometimes put profits before customers and 92% believe banks sell products and services inappropriate to customers. 

Jamie McPhee, ME CEO, coined the phrase ‘bank-xiety’ as a term to describe these findings of worry, nervousness and distrust towards banks.  

Despite this, only 14% of respondents have done something about this and have switched or are in the process of switching to a bank they trust.

Why not let me help you consider switching?

The LAZY 70%

According to Elizabeth Knight in an article in a recent SMH, “The unnecessarily high cost of price discovery is likely a key reason why 70 per cent of borrowers surveyed by one bank said they had obtained just one quote before taking out their residential mortgage, the ACCC report said.”  If that is you, why not let me help you save a bundle by getting the best rate from the most hungry lender.  By the way, it is not likely to be one of the big banks.