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  • mobile apps | Which4U Australia - Money Blog
    Off on Colonic Irritation Emoticons Double Text Message Charges Bank rupture Friday December 16th 2011 It hasn t been a particularly good year for banks across the globe Many are still being downgraded by credit ratings agencies Standard Poor s addressed in the last post here upset leading European figures when it issued a threat of widespread sovereign downgrades on the eve of the European summit Many banks and governments alike are struggling to raise funds or to find manageable rates at which to borrow Those that can on the other hand are exploiting every drop of political advantage they can muster Many banks are commiting various kinds of atrocities Many are simply finding ways even unwittingly to frustrate their customers Scandal Struck A number of UK banks have been caught up in scandals involving the elderly As reported on our sister blog in the UK a succession of banks have been caught and fined for mis selling risky investment products to vulnerable consumers Pensioners of 83 years on average were pressured into investing six figure sums of their inheritence into long term risk heavy products often when they were not even expected to survive the investment term Collectively banks have faced compensation payments approaching 150 million 233 million more Tags Commonwealth Bank credit cards credit rating interest rates mobile apps Reserve Bank of Australia Posted in Credit Cards Savings Accounts Comments Off on Bank rupture Near Field Communication strikes Australia The end of the credit card Tuesday October 25th 2011 The future of financial transactions for the next generation may now be upon us With the increasing number and popularity of mobile apps major financial bodies have been looking towards innovative new payment systems for mobile devices The prospective launch of these new mobile payment systems could now spell

    Original URL path: http://blog.which4u.com.au/tag/mobile-apps (2016-02-17)
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  • Reserve Bank of Australia | Which4U Australia - Money Blog
    might have been forgiven for thinking that a timely boost was set to come their way in time for Christmas It is widely predicted that central interest rates which had remained untouched since April 2009 will fall for the second consecutive month when the Federal Bank s committee convenes next week for the final time in 2011 But the untimely downgrading of Australian banks by credit ratings agencies this week has put a new complexion on the immediate forecast for bank funding irrespective of whether a central rate cut is announced or not Consumers are set to lose out when they may have expected to benefit Downgrading Standard Poor s have downgraded a number of major banks worldwide including Barclays HSBC Goldman Sachs UBS in Switzerland and the Bank of America In Australia the Commonwealth Bank ANZ National Australia Bank and Westpac all fell by one grade to AA the agency s fourth highest rating Macquarie Group was cut by two levels to BBB a grade which anticipates a level of risk from adverse economic conditions What these reductions do is heighten insecurity for banks to lend to one another This in turn raises the cost of lending as banks insure themselves from that elevated level of risk Such costs will no doubt be absorbed by consumers through less competitive savings and loan rates A central interest rate cut may prove welcome only insofar as it prevents loan rates from rising more Tags home loans interest rates mortgages National Australia Bank Reserve Bank of Australia savings accounts Posted in Bank Accounts 1 Comment First test for mortgage exit fee legislation Friday November 4th 2011 The ban on mortgage exit fees introduced in July have been making their first impact this week following the 0 25 interest rate cut made by

    Original URL path: http://blog.which4u.com.au/tag/reserve-bank-of-australia (2016-02-17)
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  • Colonic Irritation: Emoticons Double Text Message Charges | Which4U Australia - Money Blog
    terms of service stipulate a set of non standard characters including bullet points that when included incurs greater charges if messages exceed 70 characters in length A spokesperson for Telstra said that the problem was caused by the technology used to send messages rather than the handsets Customers should keep emoticon laden messages shorter to avoid being charged double It is not a handset or a phone company rule but

    Original URL path: http://blog.which4u.com.au/saving-money-2/colonic-irritation-emoticons-double-text-message-charges (2016-02-17)
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  • Smartphones | Which4U Australia - Money Blog
    Australia s leading provider of mobile devices and broadband has admitted that the punctuation caused a coding issue on certain models that reduced the number of characters that a single message could contain The terms of service stipulate a set of non standard characters including bullet points that when included incurs greater charges if messages exceed 70 characters in length A spokesperson for Telstra said that the problem was caused by the technology used to send messages rather than the handsets Customers should keep emoticon laden messages shorter to avoid being charged double It is not a handset or a phone company rule but rather the technology used to send messages Most phones allow customers to see how long their messages are Are you a Telstra client with an iPhone or Samsung smartphone It might be wise to rein in the visuals and save yourself a packet Tags mobile apps money saving tips Smartphones Posted in Saving Money Comments Off on Colonic Irritation Emoticons Double Text Message Charges Share the Which4U Australia Money Blog Tweet Pages Home About Us Resources Categories Bank Accounts Credit Cards Home Loans News Saving Money Savings Accounts Term Deposits Archives Archives Select Month May 2014

    Original URL path: http://blog.which4u.com.au/tag/smartphones (2016-02-17)
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  • First test for mortgage exit fee legislation | Which4U Australia - Money Blog
    full 0 25 cut to be passed on to consumers the average standard variable mortgage rate would be falling from 7 79 to 7 54 saving roughly 50 per month on an average mortgage In spite of a slowing housing market which in September showed the lowest take up of new houses in 11 years figures show that since the banning of fees over 165 000 households have signed up for home loans Prospective homeowners have been responsive to the prospect of extra consumer power and increased competition The Treasurer of the Reserve Bank Wayne Swan suggested that major banks should be passing on the full cut to consumers and reiterated that their initiatives were designed to uphold strong competition in the banking sector Our reforms like banning mortgage exit fees on new loans mean that Australian families can now more easily ditch any bank that tries to rip them off and walk down the road to get a better deal Greedy How then did banks react Most major lenders Commonwealth Westpac and ANZ passed on the full 0 25 cut to their consumers by lowering their standard variable mortgage rates NAB the National Australia Bank on the other hand were the last to respond to the rate cut and passed on only 0 2 which keeps its rates marginally ahead of its competitors An unimpressed Wayne Swan labelled the institution greedy NAB blamed additional funding pressures for its shortcomings compared to its competitors but this seems highly unconvincing following the announcement of their record high 5 5 billion annual cash profit last week Percentages or Principles It will be interesting to see whether consumers are more sensitive to percentages or principles over coming months Banks could potentially exploit the ease with which consumers can now transfer mortgages and NAB

    Original URL path: http://blog.which4u.com.au/home-loans/first-test-for-mortgage-exit-fee-legislation (2016-02-17)
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  • mortgages | Which4U Australia - Money Blog
    major banks worldwide including Barclays HSBC Goldman Sachs UBS in Switzerland and the Bank of America In Australia the Commonwealth Bank ANZ National Australia Bank and Westpac all fell by one grade to AA the agency s fourth highest rating Macquarie Group was cut by two levels to BBB a grade which anticipates a level of risk from adverse economic conditions What these reductions do is heighten insecurity for banks to lend to one another This in turn raises the cost of lending as banks insure themselves from that elevated level of risk Such costs will no doubt be absorbed by consumers through less competitive savings and loan rates A central interest rate cut may prove welcome only insofar as it prevents loan rates from rising more Tags home loans interest rates mortgages National Australia Bank Reserve Bank of Australia savings accounts Posted in Bank Accounts 1 Comment First test for mortgage exit fee legislation Friday November 4th 2011 The ban on mortgage exit fees introduced in July have been making their first impact this week following the 0 25 interest rate cut made by the Reserve Bank All major lenders have been compelled to respond in the knowledge that home loan holders are now able to walk away from any home loan deal without incurring financial penalties November s interest rate cut from 4 75 to 4 5 the first cut in 2 ½ years has provided the first real pretext for banks to respond amid concerns that under the new legislation loan holders could easily defect to banks offering better deals Were the full 0 25 cut to be passed on to consumers the average standard variable mortgage rate would be falling from 7 79 to 7 54 saving roughly 50 per month on an average mortgage more

    Original URL path: http://blog.which4u.com.au/tag/mortgages (2016-02-17)
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  • National Australia Bank | Which4U Australia - Money Blog
    of major banks worldwide including Barclays HSBC Goldman Sachs UBS in Switzerland and the Bank of America In Australia the Commonwealth Bank ANZ National Australia Bank and Westpac all fell by one grade to AA the agency s fourth highest rating Macquarie Group was cut by two levels to BBB a grade which anticipates a level of risk from adverse economic conditions What these reductions do is heighten insecurity for banks to lend to one another This in turn raises the cost of lending as banks insure themselves from that elevated level of risk Such costs will no doubt be absorbed by consumers through less competitive savings and loan rates A central interest rate cut may prove welcome only insofar as it prevents loan rates from rising more Tags home loans interest rates mortgages National Australia Bank Reserve Bank of Australia savings accounts Posted in Bank Accounts 1 Comment First test for mortgage exit fee legislation Friday November 4th 2011 The ban on mortgage exit fees introduced in July have been making their first impact this week following the 0 25 interest rate cut made by the Reserve Bank All major lenders have been compelled to respond in the knowledge that home loan holders are now able to walk away from any home loan deal without incurring financial penalties November s interest rate cut from 4 75 to 4 5 the first cut in 2 ½ years has provided the first real pretext for banks to respond amid concerns that under the new legislation loan holders could easily defect to banks offering better deals Were the full 0 25 cut to be passed on to consumers the average standard variable mortgage rate would be falling from 7 79 to 7 54 saving roughly 50 per month on an average mortgage

    Original URL path: http://blog.which4u.com.au/tag/national-australia-bank (2016-02-17)
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  • Five tips to keep your car fuel consumption down | Which4U Australia - Money Blog
    help to keep your revs down which in turn will reduce the amount of fuel required When using this technique ensure you are in a safe environment to do so as using higher gears gives you less control over the car Avoid braking sharply then accelerating as studies show that this could save you up to 30 on fuel costs When starting from a stopped position accelerate slowly as this will keep your revs down If you drive at 135 km h you will use approximately 25 more fuel than at 110km h so keep to the speed limit especially on long journeys 4 Lose unnecessary weight and reduce the drag Don t carry excess weight that you don t require for your journey such as removable seats roof racks and boot luggage Think twice about installing accessories that will add significant weight to your car and avoid choosing wide tyres that will add rolling resistance According to research each additional 50kg in weight will increase your petrol consumption by 2 Novelty flags and sun roofs can also effect the aerodynamic drag of your car thus increasing fuel consumption Another interesting fact is that the weight of the fuel in your tank also effect how much fuel is required so filling your tank up to the top will add significant weight 5 Helping the environment will help your wallet Try to get into the habit of using other means of transport where possible especially when making small journeys as these can be the least fuel efficient of all particularly in towns as drivers are constantly stopping and starting Cars also use more fuel when cold so a car that would usually do 65km to the gallon when motorway driving may fall as down below 25km per gallon on a short

    Original URL path: http://blog.which4u.com.au/saving-money-2/five-tips-to-keep-your-car-fuel-consumption-down (2016-02-17)
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