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Fees charged to dead customers

Cases of National Australia Bank charging customers fees for no service, including dead superannuation members, have been uncovered.

The banking royal commission will continue questioning NAB executives over superannuation fees.

The banking royal commission will continue questioning NAB executives over superannuation fees. Source: AAP

National Australia Bank has charged more than 4000 dead superannuation customers $3 million in advisory fees.

NAB, the second major bank to admit charging dead customers, is being investigated by the corporate regulator for "suspected offending" involving wider fees-for-no-service conduct.

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By SBS Nepali

Source: SBS




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