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9 Sep 2025 16:05
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      Home > News > Business

    ANZ is set to pay 3.25 million dollars to the Crown after more than 200 thousand customers were affected by misleading statements

    ANZ is set to pay 3.25 million dollars to the Crown after more than 200 thousand customers were affected by misleading statements

    8 September 2025
    The country's biggest bank has admitted to breaching fair dealing laws, following a Financial Markets Authority investigation.

    For certain periods between 2012 and 2023, it found when some customers went into unarranged overdraft - ANZ charged a fee, and excess interest where the payment was ultimately dishonoured.

    However the bank's terms and conditions only allowed either the unarranged overdraft fee to be charged or the payment to be dishonoured.

    © 2025 Newstalk ZB, NZCity


     Other Business News
     09 Sep: The New Zealand Super Fund's bucked economic trends
     09 Sep: Transpower's applying for Commerce Commission approval to invest 1.1 billion dollars in replacing ageing electricity cables linking the North and South Islands
     09 Sep: Construction businesses are still struggling to pay off debt, as sector pressures continue
     09 Sep: Suggestions that Christchurch City Council's dog management regulations need changes
     09 Sep: The secondary teachers' union says their latest pay offer doesn't meet the core issues
     08 Sep: Global markets have helped the country's Superannuation Fund to surge pass key performance benchmarks
     08 Sep: Hopes new trains will boost economic activity across the lower North Island
     Top Stories

    RUGBY RUGBY
    Wholesale changes from the Springboks mean a bit more scrutiny in analysis for the All Blacks for Saturday's Rugby Championship rematch in the capital More...

    BUSINESS BUSINESS
    The New Zealand Super Fund's bucked economic trends More...


     Today's News

    		 Law and Order:
    Inside Tom Phillips's final moments and the end of 1,358 days in the bush 15:57

     Rugby:
    Wholesale changes from the Springboks mean a bit more scrutiny in analysis for the All Blacks for Saturday's Rugby Championship rematch in the capital 15:47

     Entertainment:
    Chrissy Teigen has faced criticism online after admitting she regularly wakes her husband John Legend in the middle of the night to make her sandwiches 15:34

     Business:
    The New Zealand Super Fund's bucked economic trends 15:27

     International:
    Nepal lifts social media ban after 19 die in protests, minister says 15:07

     Entertainment:
    Harry Styles is said to be in the "happiest" place of his life after beginning a new relationship with Zoë Kravitz 15:04

     Law and Order:
    A teenager's been charged with murder after the death of a 15-year-old earlier this year 14:57

     Business:
    Transpower's applying for Commerce Commission approval to invest 1.1 billion dollars in replacing ageing electricity cables linking the North and South Islands 14:57

     Entertainment:
    Harry Styles is facing opposition from neighbours over his plans to build a "monster mansion" 14:34

     Law and Order:
    The jury at the Hakyung Lee's murder trial have heard grim details of the moment her two young children were found in suitcases 14:07

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