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Bank reimbursing ill-collected fees

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  • Bank reimbursing ill-collected fees

    Or some of them, anyway:
    The National Australia Bank has begun repaying the millions of dollars in fees it overcharged customers over seven years, but lawyers involved in the case say those errors are just the tip of the iceberg.

    It has been revealed that over the last three weeks, NAB has been repaying excess fees it took between 2002 and 2009.
    Source. Now that's nice of them, isn't it? Oh, wait...
    NAB sent a letter to customers informing them of the repayments just three days after lawyers announced a $5 billion class action against local and foreign banks.
    Nothing focuses the mind like a hanging in the morning...
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