1 November 2024
Banks stand ready to support Far West NSW communities hit by recent storms and ongoing power outages.
ABA CEO Anna Bligh acknowledged that many households and businesses in the Far West were still feeling the effect of this severe weather event.
“My message to customers in these communities, is please reach out to your bank if you need financial assistance,” Ms Bligh said.
“Banks have highly experienced hardship teams ready to help customers who have been impacted by natural disasters.
“You don’t need to tough it out on your own. Banks are here to help, and the sooner you get in touch the easier it will be for support options to be put in place.
“In addition to financial assistance provided by the Federal and NSW Governments, banks have a range of very practical measures available to support people.”
Depending on individual circumstances, banks can assist by:
- deferring upcoming loan or credit card payments
- providing emergency credit limit increases
- restructuring existing loans
- offering additional finance to help cover cash flow shortages
For more information, please visit the ABA’s Natural Disaster Assistance webpage.
Latest news
Australian banks are warning households to be on the look-out for Census related scams as criminals look to get their hands on personal and financial information. Key tips for staying Census safe: ABA CEO Simon Birmingham said banks were on high alert for scams as criminals look to cash in on this week’s Census. “The… Read more »
E&OERadio InterviewABC Radio Sydney29 July 2026 Topics: ASIC report into offset accounts Thomas Oriti: Do you have an offset account? I think most people with a mortgage do. If you don’t know what I’m talking about, it’s an account that’s linked to your mortgage and it saves you interest. So, I’ll give you an example…. Read more »
E&OETV InterviewABC News29 July 2026. Topics: ASIC report into offset accounts Ros Childs: Borrowers are being advised to check if they have paid more interest than they should following an ASIC review. The two-year review conducted by the corporate watchdog has found weaknesses in how eight banks monitored and managed offset accounts, resulting in borrowers… Read more »