Bank fined for charging the dead

30 Nov, 2021 11:05 / Updated 12 hours ago

One of Australia’s biggest banks, Westpac, apologized and agreed to pay millions in fines after settling six of seven continuing probes over consumer harm, including charging fees to dead people.

The country’s third biggest bank will pay $81 million (AU$113 million) in penalties, and hand over $57 million in compensation to its customers in addition to the fine.

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