Consumer lending (900 items)

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UBank pulls down the shutters on cash deposits

NAB's online banking division, UBank, claimed a first late in August, when it launched its entry into the transaction banking market. NAB said USaver Ultra was the first transaction account that would automatically sweep excess balances into a linked high-interest savings account. However, the real significance is that it appears to be the first transaction account that does not offer a facility for cash deposits. read more

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