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Consumer advocacy group Choice has unveiled its 20th annual Shonky Awards list of products, services and companies it deems dishonest or unreliable.
Among those in the ‘winners’ circle, the Commonwealth Bank earned the dubious honour for the fourth time, making it “the most awarded Australian company in Shonkys history”, according to Choice.
The bank was included this year for “refusing to refund millions of low-income customers $270 million in fees that never should’ve been charged”, Choice CEO Ashley de Silva said.
In a significant revelation, it was uncovered that 2.2 million customers of CommBank were collectively overcharged to the tune of $270 million due to unfair fees, according to statements made by de Silva.