Home owners warned about banks’ $55 million offset account overcharging issue
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Source: The Age
Published: 2026-07-29 05:00 UTC+10:00
Section: Business / Banking & finance
Factuality Score: 100
Opinion Category: Neutral
Topics: Australia, Property & Housing, Business & Economy
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Snippet:
Australian banks have paid more than $55 million in compensation to borrowers who were overcharged interest because of problems with their mortgage offset accounts, with some banks making manual errors that left customers short-changed, the corporate watchdog has revealed.
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