May 20, 2010

http://www.financialredress.com.au/

Banks in Australia have been charging $60 for overdrafts and other things, when in reality, their costs are very small. A class-action suit is now in motion against them. Here is the article, and how you can register.

Remember, this is for Australians only. For now. The charge in America, in my experience, is just $35, but even that is far too much. Perhaps we will see a similiar class-action suit filed in America in the near future.