Things that give you the sh1ts

[Booney]

https://www.choice.com.au/shonky-awards ... ky-winners

Commonwealth Bank
We've been doing the Shonkys for 20 years, so it's only fitting that our old buddies at CommBank return to the fold. All up, this is the fourth Shonky Award for CommBank and it's a well-deserved one.

In July, the Australian Securities and Investment Commission (ASIC) announced it had found many of the major banks had kept customers who were on Centrelink incomes in fee-charging accounts for years, when they should have automatically been transferred into low-fee or no-fee accounts.

Many of the banks called out by ASIC said they would engage in remuneration efforts to refund the financially vulnerable customers who had collectively been charged millions in unfair fees.

Australia's biggest bank, Commonwealth Bank, was not among them.

"A few weeks after refusing to pay $270 million in refunds, CommBank celebrated a $10 billion dollar annual profit. It is thumbing its nose at ASIC, and at its low-income customers," says CHOICE head of policy Morgan Campbell.

[gadj1976]

$7b profit off a Asset base of $1.04t is a 6.7% return, hardly gouging the public.

Then add that we all benefit via our Super and a strong banking system is something we take for granted, other countries look on in envy.

Then add that banks are one of the biggest tax payers and employers in the country who are heavily regulated by the Govt, which paid off when we all had to face 13 interest rates hikes and while it made things tight, we didn't see people having to sell up on mass.

There are over 60 lenders out there in the market, so plenty of competitive pressure.

Insurance companies however....

No offence, but do you actually really believe yourself?

Most of those subsidiary banks are owned by the big banks anyway, so they are only in competition with themselves. They are 100% a rip off merchant and 99.9% of people would be better off without them in their current form.

[Dutchy]

$7b profit off a Asset base of $1.04t is a 6.7% return, hardly gouging the public.

Then add that we all benefit via our Super and a strong banking system is something we take for granted, other countries look on in envy.

Then add that banks are one of the biggest tax payers and employers in the country who are heavily regulated by the Govt, which paid off when we all had to face 13 interest rates hikes and while it made things tight, we didn't see people having to sell up on mass.

There are over 60 lenders out there in the market, so plenty of competitive pressure.

Insurance companies however....

No offence, but do you actually really believe yourself?

Most of those subsidiary banks are owned by the big banks anyway, so they are only in competition with themselves. They are 100% a rip off merchant and 99.9% of people would be better off without them in their current form.

Incorrect, these lenders (many non banks) actually help a lot of people where the Big 4 won't/can't, which is a good thing isn't it?

[dedja]

$7b profit off a Asset base of $1.04t is a 6.7% return, hardly gouging the public.

Then add that we all benefit via our Super and a strong banking system is something we take for granted, other countries look on in envy.

Then add that banks are one of the biggest tax payers and employers in the country who are heavily regulated by the Govt, which paid off when we all had to face 13 interest rates hikes and while it made things tight, we didn't see people having to sell up on mass.

There are over 60 lenders out there in the market, so plenty of competitive pressure.

Insurance companies however....

No offence, but do you actually really believe yourself?

Most of those subsidiary banks are owned by the big banks anyway, so they are only in competition with themselves. They are 100% a rip off merchant and 99.9% of people would be better off without them in their current form.

Incorrect, these lenders (many non banks) actually help a lot of people where the Big 4 won't/can't, which is a good thing isn't it?

Company man to the death … respect.

[mal]

Melbourne Cup Day

am Bays backed the winner of the Melbourne Cup !

[dedja]

Microsoft Teams … only MS can make a shitty product even more shittier with each subsequent release, but companies continue to use it FFS.

[gadj1976]

$7b profit off a Asset base of $1.04t is a 6.7% return, hardly gouging the public.

Then add that we all benefit via our Super and a strong banking system is something we take for granted, other countries look on in envy.

Then add that banks are one of the biggest tax payers and employers in the country who are heavily regulated by the Govt, which paid off when we all had to face 13 interest rates hikes and while it made things tight, we didn't see people having to sell up on mass.

There are over 60 lenders out there in the market, so plenty of competitive pressure.

Insurance companies however....

No offence, but do you actually really believe yourself?

Most of those subsidiary banks are owned by the big banks anyway, so they are only in competition with themselves. They are 100% a rip off merchant and 99.9% of people would be better off without them in their current form.

Incorrect, these lenders (many non banks) actually help a lot of people where the Big 4 won't/can't, which is a good thing isn't it?

Possibly if you're right. But probably not.

Anyway, the inefficiencies I've seen in banking (St George, Westpac, Bank SA, People Choice) mean that whilst banks are a big employer, they are full of terrible wastage and inefficiencies. Again, more internal costs that they can cover up by putting fees up.

[Jimmy_041]

My loans are through ING
They may have a slightly higher interest rate but they are fantastic to deal with
Call them anytime and no offshore call centre

[Dutchy]

Incorrect, these lenders (many non banks) actually help a lot of people where the Big 4 won't/can't, which is a good thing isn't it?

Possibly if you're right. But probably not.

Anyway, the inefficiencies I've seen in banking (St George, Westpac, Bank SA, People Choice) mean that whilst banks are a big employer, they are full of terrible wastage and inefficiencies. Again, more internal costs that they can cover up by putting fees up.

These 3 are all part of the same group so you are going to get the same experience with each of them.

If you are getting charged fees on accounts or loans then there are other options out there.

[Jimmy_041]

When you call a company (because they make you) and they say they are currently experiencing a high no of calls so there will be a wait.
Yeah right; that "apology" has been on all year
If it's that bad, why dont you adequately resource your call centre

Waiting for BOQ for the 2nd time today - now 32 minutes
First time this morning - 60 minutes before I hung up

[Dutchy]

Totally my own fault, but organising a meeting and venue for a work catch up this morning, on Hutt St......

[Footy Chick]

Totally my own fault, but organising a meeting and venue for a work catch up this morning, on Hutt St......

Yeah, that is pretty dumb

Sorry

[Dutchy]

well deserved, give myself an uppercut moment..

[Lightning McQueen]

Totally my own fault, but organising a meeting and venue for a work catch up this morning, on Hutt St......

Yeah, that is pretty dumb

Sorry

I stopped by to say the exact same thing.

[Booney]

Any mob I've ever purchased anything from any time in my life emailing me with Black Friday sales.

Unsubscribing over load today.

[amber_fluid]

Any mob I've ever purchased anything from any time in my life emailing me with Black Friday sales.

Unsubscribing over load today.

I’ve been sucked in and bought shitloads
Just bought some rubs/spices and sauces I don’t actually need

[Lightning McQueen]

Any mob I've ever purchased anything from any time in my life emailing me with Black Friday sales.

Unsubscribing over load today.

I’ve been sucked in and bought shitloads
Just bought some rubs/spices and sauces I don’t actually need

For years all I thought of was Geri Halliwell when I heard the term "spice rack", then I stumbled across G-Fresh.

Check these out, they come filled with the spices of your choice.


https://gfresh.com.au/collections/spice-racks

[amber_fluid]

Any mob I've ever purchased anything from any time in my life emailing me with Black Friday sales.

Unsubscribing over load today.

I’ve been sucked in and bought shitloads
Just bought some rubs/spices and sauces I don’t actually need

For years all I thought of was Geri Halliwell when I heard the term "spice rack", then I stumbled across G-Fresh.

Check these out, they come filled with the spices of your choice.


https://gfresh.com.au/collections/spice-racks

Thanks but I’ll be divorced if another parcel of spices or rubs turns up on the door step this side of 2030

[Dutchy]

Totally my own fault, but organising a meeting and venue for a work catch up this morning, on Hutt St......

Yeah, that is pretty dumb

Sorry

Ok eastern suburbs people, I might be in trouble again tomorrow, I need to be on Kensington Road (about 300m up from Fullarton Road) at 9.30am tomorrow, are the roads open yet or will I need to leave home at 7am?

[locky801]

Totally my own fault, but organising a meeting and venue for a work catch up this morning, on Hutt St......

Yeah, that is pretty dumb

Sorry

Ok eastern suburbs people, I might be in trouble again tomorrow, I need to be on Kensington Road (about 300m up from Fullarton Road) at 9.30am tomorrow, are the roads open yet or will I need to leave home at 7am?

likwise i have a 9.30 appointment at Fullarton Rd Dulwich, might do the back street trip i think which shouldnt be an issue as coming from the east in anycase