05 Jan 2016
When the company a man owned went into liquidation, a 10-year-old agreement to be a guarantor came back to haunt him.
23 Dec 2015
Our office closes at 12:30pm on Thursday 24 December and reopens at 8:30am on Tuesday 5 January 2016.
23 Dec 2015
A man who wasn’t happy with his bank’s explanation about chargebacks was offered $500 by his bank to acknowledge its poor service.
21 Dec 2015
Finances can sometimes feel a bit tight after Christmas but this makes it the perfect time to take stock of your banking requirements. Regularly check what’s going on with your accounts to make sure they are operating as you want them to. It may be that your circumstances or priorities have changed over the past year or so and you may need to tweak things to make the most of the money you have.
21 Dec 2015
The Banking Ombudsman Scheme’s new Terms of Reference (rules), which apply from 1 January 2016, are now live on the website.
16 Dec 2015
It’s the season to be jolly but joy can turn to woe quickly if you’re not careful with your money. Every year we deal with complaints from people who’ve ended up out of pocket because they weren’t careful enough.
11 Dec 2015
Pre-Christmas spending puts pressure on finances and people need to monitor their bank balances to avoid overdraft fees and costs, says Banking Ombudsman Nicola Sladden.
04 Dec 2015
The owner of a holiday home rental damaged by water erosion found out that regardless of the type of insurance policy he should have had, his claim would not have been successful. Read on to find out why.
02 Dec 2015
Travel cards can provide a safe and convenient way to pay for things when you are overseas, but if you use one that’s not suited to your requirements, there could be problems and unexpected costs.
18 Nov 2015
A family arrangement to assist with a loan left an elderly parent in a precarious financial position.
13 Nov 2015
The Banking Ombudsman receives complaints every year from businesses and their customers who have been tricked into transferring money to hackers by following instructions in fraudulent emails.
03 Nov 2015
A man who authorised a $US200 online purchase complained to us after his bank was unable to retrieve the $US3,200 withdrawn by the merchant. Read on for what our investigation found.
21 Oct 2015
A man goes into a bank to buy insurance and leaves knowing he hasn’t completed the deal. His house is then damaged in an earthquake, but it’s not until several years later that he complains that the bank should pay him what it would have paid – had he had insurance. Read on to find out what we made of this complaint.
19 Oct 2015
Banks need to improve their online complaints information, the Banking Ombudsman Scheme says in its 2014-15 Annual Report released today.
07 Oct 2015
A woman claimed she may have been better off to not sell her property after her bank kept all the sale proceeds instead of letting her pay off other debtors.
23 Sep 2015
A woman complained her sibling spent all their mother’s money before she died, so they had to foot the bill for the funeral. What did we think of this case?
11 Sep 2015
We had to establish what “close of business” means in the electronic age to resolve a complaint about bonus interest not being paid. Read on for what we found.
31 Aug 2015
The Banking Ombudsman Scheme supports Money Week because in addition to helping people resolve banking complaints, we raise awareness about the issues behind the complaints. Our aim is for everybody to be better informed about how to bank better. If you think something's not right and you haven't been able to resolve it with your bank, you can complain to our office.
28 Aug 2015
A lack of good communication can be blamed for most complaints about banks, says the new head of the Banking Ombudsman Scheme.
28 Aug 2015
A woman who bought an investment property with an acquaintance later complained about hardship and that the bank should never have let her borrow the money. Read on for what we found.