Questions about banking issues? Check here first

September 2014

Transferring credit card debts /

Advertisement not misleading

Sam saw an advertisement on a bank’s website offering a special low interest rate on credit card bal…

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August 2014

Telegraphic transfers /

Exchange rate applied at time of processing transfer

Hana lived in Australia and wanted to take advantage of the favourable exchange rate at the time and…

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August 2014

Breaking a term deposit /

Bank properly advised that deposit was not earning interest

Alex was paid in United States dollars for some shares she sold. She decided the exchange rate was u…

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June 2014

Privacy & confidentiality /

Bank without legal basis for using collection agency to get $70,000

Sophia’s business partner owed her $130,000. The business partner instructed his bank to break a $20…

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June 2014

Mortgagee sales /

Bank did not renege on lending agreement

Ana borrowed money from her bank to buy land to subdivide. The lending was approved and work began. …

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May 2014

Privacy & confidentiality / Insurance policies /

Medical information request too broad

Sarah bought a life insurance policy with death and terminal illness benefits through her bank. Eigh…

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May 2014

Savings Accounts /

Onus on customer to check for better interest rate

Linda decided to switch from her standard savings account to an online savings account because of th…

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March 2014

Transferring credit card debts /

Onus on customer to read terms and conditions

Jordan saw an advertisement for a special low interest rate for credit card balance transfers. He to…

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March 2014

Fraud & scams /

Bank unaware of scam and unable to give warning

Jamie began corresponding with Sarah through an online dating site. After several months, Sarah told…

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Case notes

Advertisement not misleading

Exchange rate applied at time of processing transfer

Bank properly advised that deposit was not earning interest

Bank without legal basis for using collection agency to get $70,000

Bank did not renege on lending agreement

Medical information request too broad

Onus on customer to check for better interest rate

Onus on customer to read terms and conditions

Bank unaware of scam and unable to give warning