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Bank customers act against St George, Bank SA

The Age        February 1, 2012

St George and Bank SA are the latest Australian banks to be taken to court by customers angry at the fees they are charged.

Legal firm Maurice Blackburn Lawyers yesterday filed a claim against the two banks in the Federal Court to help thousands of customers claw back fees they have been charged.

The firm has previously launched similar action against National Australia Bank, ANZ, Commonwealth Bank of Australia, Westpac and Citibank.

The firm is acting on behalf of thousands of Australian bank customers outraged at exception fees the banks charge for late payments on credit cards and having insufficient money in business and personal transaction accounts.

Maurice Blackburn senior associate Paul Gillett said the legal firm and bank customers taking part in the class action were in for a long fight to recoup the fees plus interest.

"Everyday Australians are sick of the banks taking them for granted," Mr Gillett told reporters in Sydney today.

"And they are sick of the banks throwing their weight around and sick of the banks making massive profits while they do it.

"Maurice Blackburn is doing what it can to try and get some of that money back for families and small businesses around this country."

More than 10,000 St George and Bank SA customers are party to the action.

They are seeking to recoup $16 million in fees which the customers say they have been unfairly charged by the two banks.

The latest action follows a $50 million claim the law firm launched in September 2010 on behalf of ANZ customers trying to claim back exception fees.

In December 2011, action was launched against National Australia Bank, Commonwealth Bank, Westpac and Citibank.

It is the biggest collective action in Australian legal history.


Last modified onTuesday, 28 May 2013 06:42

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