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BFCSA investigates fraud involving lenders, spruikers and financial planners worldwide.  Full Doc, Low Doc, No Doc loans, Lines of Credit and Buffer loans appear to be normal profit making financial products, however, these loans are set to implode within seven years.  For the past two decades, Ms Brailey, President of BFCSA (Inc), has been a tireless campaigner, championing the cause of older and low income people around the Globe who have fallen victim to banking and finance scams.  She has found that people of all ages are being targeted by Bankers offering faulty lending products. BFCSA warn that anyone who has signed up for one of these financial products, is in grave danger of losing their home.


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What about the extra charges you have to pay when overseas? Bank Robbery by Computer

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How come I have to pay an extra ammount between 5% and 12% of the transaction ammount everytime I withdraw money from my savings account when I am overseas? 

I have no choice do I?

How come I have to pay an extra $5.77 when using an Overseas Terminal to draw money from my credit account?

I have no choice do I?

How come I have to pay an extra $5.77 as an International Transaction Fee when using my credit card to pay anything, ANYWHERE OVERSEAS?

I have no choice do I?

If I use the credit card at an ATM overseas, I have to pay an International Transaction Fee and an Overseas Terminal Fee!

I can understand in Australia where I have a choice of using my banks ATM or someone elses. If I use someone else I will probably have to pay a fee.

But when overseas WE HAVE NO CHOICE!

How come I have to pay an extra $10.10 Transaction Fees every month on my savings account, just for using the account as a normal transaction acount?

I have no choice do I?

How come I have to pay $5 every month for an Account Fee on my savings account? On account of WHAT??

I have no choice do I?

How come I have to pay $15 for a Loan Service Fee every month when I am already paying debit interest every month?

I have no choice do I?

What happened to the banks that used to PAY ME INTEREST FOR THE BENEFIT OF USING MY MONEY while I tried saving my money with them?

When I was a bit younger, you put your money in the bank, they used it to lend to other people and made money by charging the borrowers interest. Fair enough.

NOW, it is costing me money just to have the money in a bank.

Sure, times have changed!


You might ask me WHICH BANK? CAN not answer that here!

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  • Aries
    Aries Saturday, 23 August 2014

    You're dealing with crooks, they do anything they like, because ASIC is their mate.

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  • setup
    setup Saturday, 23 August 2014

    Since the introduction of privatisation, the banks are answerable to nobody. Even though the Government has the power to rule the banking sector, they are refusing to do so. They have given the banks free range to do whatever they like and this is the very reason for the establishment of BFCSA although it focuses more on the lines of banking maladministration Fraud and forgery, it could also assist people with other banking problems. I believe there is a class action for people with overcharged bank fees currently in progress with Maurice Blackburn Lawyers Aust wide i think.

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