News | Business
26 Mar 2025 6:24
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   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

     Other Business News
     25 Mar: Confidence in the labour market is shrinking
     25 Mar: 23andMe has filed for bankruptcy. So what does it mean for customers' data?
     25 Mar: The National Emergency Management Agency's assessing whether a 6.7 magnitude earthquake off the bottom of the South Island has created a tsunami risk
     25 Mar: Claims Wellington's residential property market is improving
     25 Mar: Property data firm CoreLogic is rebranding, globally, to Cotality
     25 Mar: A massive spike in meth use is being linked to a change in global shopping habits
     25 Mar: Donald Trump says the US will ultimately come out stronger from his tariff plan
     Top Stories

    RUGBY RUGBY
    Former All Black Mils Muliaina believes he knows how Super Rugby teams have figured out how to beat the Blues this season More...


    BUSINESS BUSINESS
    Confidence in the labour market is shrinking More...



     Today's News

    Entertainment:
    Snoop Dogg wants to heal the rift between Princes William and Harry 6:01

    Rugby League:
    Warriors winger Roger Tuivasa-Sheck will be sidelined for up to eight weeks after suffering a hamstring injury in the NRL win over the Roosters 21:57

    Entertainment:
    Teddi Mellencamp is struggling with "eye pain" in the wake of her recent brain surgery 21:31

    Environment:
    A transformer fire has left left hundreds without power in Christchurch's Sumner 21:17

    International:
    Bali's boat safety has been a long-standing issue. What can tourists do? 21:07

    Entertainment:
    Dolly Parton has "not stopped crying" since watching the Grand Old Opry's tribute to Carl Dean 21:01

    Entertainment:
    Justin Bieber wants to tackle his "anger issues" 20:31

    Entertainment:
    Ben Foster has accused Laura Prepon of "inappropriate marital conduct" 20:01

    Entertainment:
    Cate Blanchett can't keep a secret 19:31

    Entertainment:
    Kathryn Hahn was star-struck by Sir Mick Jagger's knees 19:01


     News Search






    Power Search


    © 2025 New Zealand City Ltd