A new survey from ME revealed 94% of Australians think banks don’t act in their best interest. 95% agree banks sometimes put profits before customers and 92% believe banks sell products and services inappropriate to customers.
Jamie McPhee, ME CEO, coined the phrase ‘bank-xiety’ as a term to describe these findings of worry, nervousness and distrust towards banks.
Despite this, only 14% of respondents have done something about this and have switched or are in the process of switching to a bank they trust.
If you are facing any of these symptoms TALK TO US! WE CAN HELP.
- With the same bank for many years and you know the rate has gone up, but you are scared to check by how much.
- You’re struggling to keep up with loan repayments, but you don’t think your bank will help.
- You’ve lost faith in your bank after reading the Banking Royal Commission News.