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6 Feb 2025 1:50
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  •   Home > News > Business

    Westpac says it's remediated all customers who were misled or overcharged by package issues

    Westpac says it's remediated all customers who were misled or overcharged by package issues


    The Financial Markets Authority says the bank's breaches of the fair dealing provisions affected almost 25-thousand customers and resulted in 6.35-million-dollars in overcharges.

    A Westpac spokesperson says it self-reported the issues which applied to customers under some product packages and Business Transact Accounts.

    They say it's cooperated fully and openly with the FMA's investigation.

    A penalty hearing is likely due some time next year.

    © 2025 Newstalk ZB, NZCity

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     Top Stories

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    The return of veteran All Blacks playmaker Beauden Barrett is being felt at the Blues as they plot their defence of the Super Rugby Pacific title More...


    BUSINESS BUSINESS
    Strikes today and Friday by medical lab workers - could lead to five straight days of testing site shortages countrywide More...



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