Lacking respect: Report censures banks for charging fees on deceased accounts

EW
June 10 2023 - 5:00am
Banks are making it difficult for family members to settle deceased estates. Picture Shutterstock
Banks are making it difficult for family members to settle deceased estates. Picture Shutterstock

Some banks are continuing to charge fees on the accounts of dead customers and are showing a lack of respect and compassion for grieving family members struggling to manage the deceased person's estate, according to a new report by the Banking Code Compliance Committee.

EW

Eileen Wood

Senior Journalist

I'm a senior news journalist at The Senior newspaper, the leading publication bringing targeted news on issues affecting older Australians. We cover NSW, Victoria, Queensland, Tasmania, SA and WA. If you have a story idea I would love to hear it. You can email me: eileen.wood@thesenior.com.au or phone The Senior 02-4355-5000, mob. 0487 495 805

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