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Hot Topic Aus election
Law
2 mins to read

Westpac pinged $3.25m for overcharging, misleading customers

Australian bank found guilty of overcharging its clients by $6.35 million from 2004 to late 2021 but has thus far made remediation payments of $7.35m.

NBR Staff Fri, 02 May 2025

Westpac has been slapped with a $3.25 million penalty for misleading customers who were otherwise entitled to advertised discounts, while overcharging its business customers.

New Zealand's fourth-largest bank admitted to breaching the fair dealing provisions under the Financial Markets Conduct Act

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NBR Staff Fri, 02 May 2025
Contact the Writer: editor@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Tags
FMA penalty Westpac Geoff Venning

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Westpac pinged $3.25m for overcharging, misleading customers
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