IN YOUR CORNER

WENDY KNOWLER | Initiation fees are all the rage — everyone’s doing it. Must you too?

Banks say initiation fees are the law, but the National Credit Act actually states banks ‘may’ charge an initiation fee

13 February 2022 - 16:19
By Wendy Knowler

Banks say initiation fees are the law, but the National Credit Act actually states banks ‘may’ charge an initiation fee

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